Investegate |Argo Blockchain PLC Announcements | Argo Blockchain PLC: May update, Mining Capacity & DeFi investment
Investegate announcements from Argo Blockchain PLC, May update, Mining Capacity & DeFi investment
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Investegate announcements from Argo Blockchain PLC, May update, Mining Capacity & DeFi investment
(0) Investment in DeFi Company Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB) (OTCQX: ARBKF), is pleased to provide the following operational update for May. Operational Update During the month of May, Argo mined 166 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 163 BTC in April. This brings the total amount of BTC mined year-to-date to 716 BTC. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in May amounted to $7.8 million (April 2021: $9.3 million). Argo generated this income at an average monthly mining marg...