Argo Blockchain PLC July Ops Update
05 August 2024 - 4:00PM
RNS Regulatory News
RNS Number : 0753Z
Argo Blockchain PLC
05 August 2024
Press Release
5 August 2024
Argo Blockchain
plc
("Argo"
or "the Company")
July Operational
Update
Argo Blockchain plc, a global leader
in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to
provide the following operational update for July 2024.
During the month of July, the
Company mined 48 Bitcoin or Bitcoin Equivalents (together, "BTC"),
or 1.5 BTC per day consistent with June 2024, which also averaged
1.5 BTC per day.
Mining revenue in July 2024 amounted
to $3.0 million consistent with the prior month (June 2024: $2.9
million). Mining margin for July 2024 was in the mid 20% range,
lower than June as a result of the lower hash price realized in
July compared to June. As at 31 July 2024, the Company held 11 BTC
equivalent.
This announcement contains inside
information.
For further information please
contact:
|
Argo Blockchain
|
|
|
Investor Relations
|
ir@argoblockchain.com
|
|
Tennyson Securities
|
|
|
Corporate Broker
Peter Krens
|
+44
207 186 9030
|
|
Fortified Securities
|
|
|
Joint Broker
Guy
Wheatley, CFA
|
+44
7493 989014
guy.wheatley@fortifiedsecurities.com
|
|
Tancredi Intelligent Communication
UK & Europe Media
Relations
|
argoblock@tancredigroup.com
|
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.
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END
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