Argo Blockchain Plc (ARBK) Issues Interim Half Year 2023 Results

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Go back to Argo Blockchain Plc (ARBK) Issues Interim Half Year 2023 Results

Argo Blockchain PLC - Announces Interim Half Year Results 2023

August 29, 2023 4:41 AM EDT

LONDON, UK / ACCESSWIRE / August 29, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ: ARBK), is pleased to announce its results for the six months to 30 June 2023.

Highlights

Reduced non-mining operating costs and expenses by 21% in Q2 2023 compared to the prior quarter, resulting in a positive Adjusted EBITDA of $1.0 million for the quarter (Adjusted EBITDA of $2.3 million for H1 2023)Reduced debt by $4 million during the quarter to $75 million as of 30 June 2023, a $68 million reduction from $143 million at 30 June 2022Total number of Bitcoin... More