Argo Blockchain PLC August Operational Update and Change of Address (6137K)
03 September 2021 - 4:00PM
UK Regulatory
TIDMARB
RNS Number : 6137K
Argo Blockchain PLC
03 September 2021
Press Release
03 September 2021
Argo Blockchain PLC
("Argo" or "the Company")
August Operational Update
Change of Registered Office Address
Operational Update
Argo Blockchain plc, a global leader in cryptocurrency mining
(LSE: ARB), is pleased to provide the following operational update
for August.
During the month of August, Argo mined 206 Bitcoin or Bitcoin
Equivalent (together, BTC) compared to 225 BTC in July. This brings
the total amount of BTC mined year-to-date to 1,314 BTC.
Based on daily foreign exchange rates and cryptocurrency prices
during the month, mining revenue in August amounted to GBP6.83
million (July 2021: GBP5.60 million). Argo generated this income at
an average monthly mining margin of approximately 86% for the month
of August (July 2021: 83%). As part of the Company's asset
management strategy and due to positive market conditions, Argo
sold 61 BTC at an average price of GBP35,324.94 ($48,800) per BTC,
generating cash of GBP2.14 million.
At the end of August, the Company owned 1659 Bitcoin or BTC
equivalent.
Peter Wall, Chief Executive of Argo and interim Chairman said:
"I am pleased that we have been able to deliver these results at an
improved margin this month and continue to deliver value to our
shareholders. We are also delighted to have released our Climate
Strategy and remain committed in our efforts to enact positive
change within the crypto mining sector."
Change of Registered Office Address
The Company announces that with immediate effect, its registered
office address has changed to: 9th Floor, 16 Great Queen Street,
London, England, WC2B 5DG.
For further information please contact:
Argo Blockchain
Peter Wall via Tancredi +44 203 434 2334
Chief Executive
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finnCap Ltd
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Corporate Finance
Jonny Franklin-Adams
Tim Harper
Joint Corporate Broker
Sunila de Silva +44 207 220 0500
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Tennyson Securities
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Joint Corporate Broker
Peter Krens +44 207 186 9030
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OTC Markets
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+44 204 526 4581
Jonathan Dickson
jonathan@otcmarkets.com +44 7731 815 896
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Tancredi Intelligent Communication
UK & Europe Media Relations
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Emma Valgimigli
Emma Hodges +44 7727 180 873
Salamander Davoudi +44 7861 995 628
argoblock@tancredigroup.com +44 7957 549 906
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About Argo:
Argo Blockchain plc is a global leader in cryptocurrency mining
with one of the largest and most efficient operations powered by
clean energy. The Company is headquartered in London, UK and its
shares are listed on the Main Market of the London Stock Exchange
under the ticker: ARB and on the OTCQX Best Market in the United
States under the ticker: ARBKF.
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END
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