Argo Blockchain PLC November Monthly Operational Update (4840V)
December 04 2023 - 2:00AM
UK Regulatory
TIDMARB
RNS Number : 4840V
Argo Blockchain PLC
04 December 2023
Press Release
4 December 2023
Argo Blockchain plc
("Argo" or "the Company")
November Operational Update
Argo Blockchain plc, a global leader in cryptocurrency mining
(LSE: ARB; NASDAQ: ARBK), is pleased to provide the following
operational update for November 2023.
During the month of November, the Company mined 145 Bitcoin or
Bitcoin Equivalents (together, "BTC"), or 4.8 BTC per day. The
Company was able to increase its daily BTC production in November
by 5% compared to the prior month, despite a 9% increase in the
monthly average network difficulty in November compared to
October.
Mining revenue in November 2023 amounted to $5.30 million, an
increase of 25% compared to the prior month (October 2023: $4.26
million). The increase in revenue was driven primarily by the
increase in the price of Bitcoin. As of 30 November 2023, the
Company's HODL remained at 21 BTC.
This announcement contains inside information.
For further information please contact:
Argo Blockchain
Investor Relations ir@argoblockchain.com
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Tennyson Securities
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Corporate Broker
Peter Krens +44 207 186 9030
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Fortified Securities
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Joint Broker +44 7493 989014
Guy Wheatley, CFA guy.wheatley@fortifiedsecurities.com
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Tancredi Intelligent Communication argoblock@tancredigroup.com
UK & Europe Media Relations
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About Argo:
Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK)
blockchain technology company focused on large-scale cryptocurrency
mining. With mining facilities in Quebec, mining operations in
Texas, and offices in the US, Canada, and the UK, Argo's global,
sustainable operations are predominantly powered by renewable
energy. In 2021, Argo became the first climate positive
cryptocurrency mining company, and a signatory to the Crypto
Climate Accord. For more information, visit www.argoblockchain.com
.
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END
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