Argo Blockchain Plc (ARBK) Reports Q1 Results

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Go back to Argo Blockchain Plc (ARBK) Reports Q1 Results

Argo Blockchain PLC Announces Q1 2023 Results

June 6, 2023 2:02 AM EDT

Q1 2023 Results (Unaudited)

LONDON, UK / ACCESSWIRE / June 6, 2023 / Argo Blockchain plc (LSE:ARB); (NASDAQ: ARBK), a global leader in cryptocurrency mining, is pleased to announce its unaudited financial results for the quarter ended 31 March 2023. All $ amounts are in United States Dollars ("USD") unless otherwise stated.

Q1 2023 Financial Results

The Company ended the quarter with $14.2 million of cash on its balance sheet, along with 85 Bitcoin or Bitcoin Equivalent (together, "BTC") in its HODL

Revenue of $11.4 million, an increase of 15% compared to Q4 2022

Net... More