Seeking Alpha
2021-11-08 09:56:15

Argo Blockchain surges after October operational update; announces mining expansion

Argo Blockchain (NASDAQ:ARBK) mined 167 Bitcoin or Bitcoin Equivalent (BTC) in October vs. 165 BTC in September, bringing the total amount of BTC mined year-to-date to 1,646 BTC. At the end of October, the company owned 2,128 BTC. Mining revenue in the month amounted to £7.24M, compared with £5.50M in September 2021. The company generated this income at a BTC Mining Margin of ~86%. Additionally, the cryptocurrency miner added an additional 220 PH/s to its total capacity as of the end of October. This brings its total mining capacity to 1.295 EH/s as of 31 October 2021. ARBK +2.92% pre-market

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