Argo Blockchain Plc (ARBK) Reports FY21 Results, Provides 2022 Outlook
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Argo Blockchain plc Announces 2021 Full Year Results
April 27, 2022 4:35 PM EDTLONDON, UK / ACCESSWIRE / April 27, 2022 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ: ARBK), is pleased to announce its audited results for the year ended 31 December 2021.
Financial highlights
Revenue increased by 291% to 74.2 million [$100.1 million] (2020: 19.0 million [$25.6 million]), driven by a significant increase in Argo's hashrate, the temporary drop in difficulty on the Bitcoin network, and higher Bitcoin prices in 2021Mining margin* was 84% (2020: 41%); this was driven largely by an increase in the price of Bitcoin throughout 2021 and the drop in global hashrate following the... More