Argo Blockchain Plc (ARBK) Announces December Update/Management Change/Share Allotment

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Go back to Argo Blockchain Plc (ARBK) Announces December Update/Management Change/Share Allotment

Argo Blockchain PLC Announces December Update/Management Change/Share Allotment

January 8, 2024 2:02 AM EST

LONDON, ENGLAND / ACCESSWIRE / January 8, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ: ARBK), is pleased to provide the following operational update for December 2023.

During the month of December, the Company mined 155 Bitcoin, or 5.0 Bitcoin per day. This is a 4% increase in daily Bitcoin production compared to the prior month, driven by increased transaction fees on the network, greater operational efficiency and offset by an increase in network difficulty.

Mining revenue in December 2023 amounted to $6.6 million, an increase of 25% compared to the prior month (November 2023: $5.3 million)... More