Argo Blockchain PLC Argo September Operational Update
04 October 2024 - 4:00PM
RNS Regulatory News
RNS Number : 9079G
Argo Blockchain PLC
04 October 2024
Press Release
4 October 2024
Argo Blockchain
plc
("Argo"
or "the Company")
September Operational
Update
Argo Blockchain plc, a global leader
in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to
provide the following operational update for September
2024.
During the month of September, the
Company mined 37 Bitcoin ("BTC"), or 1.2 BTC per day consistent
with August 2024. BTC production was again impacted by economic
curtailments during the month and low hash price.
Mining revenue in September 2024
amounted to $2.2 million down from $2.3 million in August 2024.
Mining margin for the third quarter was below 10%, lower than the
second quarter as a result of the lower hash price realized in the
third quarter versus the second quarter, and higher power prices.
As at 30 September 2024, the Company held 4 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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