LONDON–(BUSINESS WIRE)–Argo Blockchain, a worldwide chief in cryptocurrency mining (LSE: ARB) (OTCQX: ARBKF) introduced at this time that the corporate has mined 165 Bitcoin or Bitcoin Equal (collectively, “BTC”) within the month of March in comparison with 129 BTC in February. This takes the entire quantity of BTC mined in Q1 to 387 BTC. On the finish of March, the corporate held 764 BTC.
Primarily based on day by day overseas trade charges and cryptocurrency costs throughout the month, mining income in March amounted to $9.1 million in comparison with $6.04 million in February 2021. Argo generated this revenue at a median month-to-month mining margin of roughly 84% %, up from 81 % in February 2021. This takes Argo’s mining revenues to $18.6 million for the primary quarter of 2021, the corporate’s most worthwhile quarter thus far. This revenue has been generated at a median mining margin of roughly 80% for Q1 2021.
Peter Wall, Chief Government of Argo stated: “I’m delighted that Argo has generated report mining income and earnings for the third month in a row, making this quarter Argo’s greatest performing for the reason that Firm’s inception. These numbers spotlight our continued dedication to sensible development, effectivity, and delivering worth to our shareholders. I’m additionally thrilled that we’re working with DMG to attain one thing we consider can be transformational within the crypto area within the creation of Terra Pool, the primary Bitcoin mining pool that can be powered by clear power.”
About Argo:
Argo Blockchain plc is a worldwide chief in cryptocurrency mining with one of many largest and most effective operations powered by clear power. The Firm is headquartered in London, UK and its shares are listed on the Primary Market of the London Inventory Trade beneath the ticker: ARB and on the OTCQX Greatest Market in america beneath the ticker: ARBKF.
