Argo Blockchain (ARBK) Reports May Operational Update, TVR and New Shares

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Go back to Argo Blockchain (ARBK) Reports May Operational Update, TVR and New Shares

Argo Blockchain PLC Announces May Operational Update, TVR and New Shares

June 5, 2024 2:27 AM EDT

LONDON, ENGLAND / ACCESSWIRE / June 5, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ: ARBK), is pleased to provide the following operational update for May 2024.

During the month of May, the Company mined 45 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 1.5 BTC per day. The 55% decrease in BTC mined compared to April 2024 (3.3 BTC per day) is primarily due to the reduced hashprice resulting from the Bitcoin halving.

Mining revenue in May 2024 amounted to $2.9 million, a decrease of 56% compared to the prior month (April 2024: $6.6 million). For... More