Argo Blockchain (ARBK) Issues August Operational Update

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Go back to Argo Blockchain (ARBK) Issues August Operational Update

Argo Blockchain PLC Announces August Operational Update

September 8, 2023 2:01 AM EDT

LONDON, UK / ACCESSWIRE / September 8, 2023 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ: ARBK), is pleased to provide the following operational update for August 2023.

During the month of August, the Company mined 105 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 3.4 BTC per day. The reduction in BTC mined from July 2023 (4.6 BTC per day) is primarily due to economic curtailment at Helios, which generated significant power credits that the Company expects will more than offset the foregone revenue from the curtailment. Preliminary estimates for power credits accrued in August... More