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Argo Blockchain plc released its November 2024 operational update on December 4, 2024. During November, the company mined 39 Bitcoin, or 1.3 BTC per day, a decrease from 46 Bitcoin mined in October 2024. Mining revenue for November 2024 was $3.4 million, an increase from $3.0 million in October 2024, and as of November 30, 2024, the company held three BTC equivalent.
| Date | 4 Dec 2024 |
| Time | 07:00:02 |
| Category | Corporate updates |
| ID | 6647O |
Press Release
4 December 2024
Argo Blockchain plc
("Argo" or "the Company")
November Operational Update
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to provide the following operational update for November 2024.
During the month of November, the Company mined 39 Bitcoin ("BTC"), or 1.3 BTC per day, a decrease from 46 mined in October 2024.
Mining revenue in November 2024 amounted to $3.4 million, an increase from $3.0 million in October 2024 due to the higher hashprice and BTC price realized in November as compared to October. As at 30 November 2024, the Company held three BTC equivalent.
This announcement contains inside information.
For further information please contact:
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Argo Blockchain |
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Investor Relations |
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Tennyson Securities |
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Corporate Broker Peter Krens |
+44 207 186 9030 |
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Fortified Securities |
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Joint Broker Guy Wheatley, CFA |
+44 7493 989014 |
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Tancredi Intelligent Communication UK & Europe Media Relations |
About Argo:
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With mining facilities in Quebec, mining operations in Texas, and offices in the US, Canada, and the UK, Argo's global, sustainable operations are predominantly powered by renewable energy. In 2021, Argo became the first climate positive cryptocurrency mining company, and a signatory to the Crypto Climate Accord. For more information, visit www.argoblockchain.com.