on Argo Blockchain PLC (LON:ARB)
Argo Blockchain Reports November 2024 Results
Argo Blockchain plc, a leader in cryptocurrency mining, announced its November 2024 operational results. The company mined 39 Bitcoins, equating to 1.3 BTC per day. This figure marks a decrease from the 46 Bitcoins mined in October 2024.
Despite the lower production, Argo reported a rise in revenue. November 2024's mining revenue reached $3.4 million, up from $3.0 million in October. This increase was attributed to higher hashprice and Bitcoin prices during the month. As of November 30, 2024, Argo held three BTC equivalent.
Argo Blockchain focuses on sustainable operations with facilities in Quebec and Texas, utilizing renewable energy. The company is dual-listed on the LSE and NASDAQ.
R. H.
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