Argo Blockchain Provides August Operational Update
03 September 2021 - 10:00PM
Business Wire
Argo Blockchain plc (LSE: ARB; OTCQX: ARBKF), (“Argo” or the
“Company”), a global leader in sustainable blockchain
infrastructure and cryptocurrency mining, 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 $9.43
million (July 2021: $7.75 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 $48,726.00 per BTC, generating
cash of $2.95 million.
At the end of August, the Company owned 1,659 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.
This announcement contains inside information.
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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version on businesswire.com: https://www.businesswire.com/news/home/20210903005075/en/
Carissa Felger/Genevieve Pirrong Gasthalter & Co. (212)
257-4170
Argo Blockchain (LSE:ARB)
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