Argo Blockchain PLC Announces October Operational Update
Argo Blockchain reported its operational update for October 2024, showing improved mining performance. The company mined 46 Bitcoin (1.5 BTC per day), marking a 24% increase from September's production. Mining revenue reached $3.0 million, up 36% from September's $2.2 million. The improved performance was attributed to increased uptime due to lower power costs and stronger hashprice during October. The company reported holding two BTC equivalent at month's end.
Argo Blockchain ha riportato il suo aggiornamento operativo per ottobre 2024, mostrando un miglioramento delle prestazioni minerarie. L'azienda ha estratto 46 Bitcoin (1.5 BTC al giorno), segnando un incremento del 24% rispetto alla produzione di settembre. Le entrate da mining hanno raggiunto 3,0 milioni di dollari, con un aumento del 36% rispetto ai 2,2 milioni di dollari di settembre. Il miglioramento delle prestazioni è stato attribuito a un aumento del tempo di attività grazie a costi energetici più bassi e a un hashprice più forte durante ottobre. L'azienda ha riportato di detenere due BTC equivalenti alla fine del mese.
Argo Blockchain informó su actualización operativa para octubre de 2024, mostrando un rendimiento minero mejorado. La compañía extrajo 46 Bitcoin (1.5 BTC por día), marcando un incremento del 24% en comparación con la producción de septiembre. Los ingresos por minería alcanzaron 3.0 millones de dólares, un 36% más que los 2.2 millones de dólares de septiembre. La mejora en el rendimiento se atribuyó a un mayor tiempo de actividad debido a costos de energía más bajos y un hashprice más fuerte durante octubre. La compañía reportó tener dos BTC equivalentes al final del mes.
아르고 블록체인은 2024년 10월 운영 업데이트를 보고하며 채굴 성과의 개선을 보여주었습니다. 이 회사는 46 비트코인 (하루 1.5 BTC)을 채굴했으며, 이는 9월 생산량에 비해 24% 증가한 수치입니다. 채굴 수익은 300만 달러에 도달했으며, 이는 9월의 220만 달러에서 36% 증가한 것입니다. 성과 개선은 낮은 전력 비용과 10월 동안의 강한 해시 가격 덕분에 가동 시간이 증가했기 때문입니다. 회사는 월 말에 두 개의 BTC를 보유하고 있다고 보고했습니다.
Argo Blockchain a publié sa mise à jour opérationnelle pour octobre 2024, montrant une amélioration des performances minières. L'entreprise a extrait 46 Bitcoin (1,5 BTC par jour), marquant une augmentation de 24% par rapport à la production de septembre. Les revenus miniers ont atteint 3,0 millions de dollars, en hausse de 36% par rapport aux 2,2 millions de dollars de septembre. L'amélioration des performances a été attribuée à un temps de fonctionnement accru en raison de coûts énergétiques plus bas et d'un prix du hash plus fort pendant octobre. L'entreprise a rapporté détenir deux BTC équivalents à la fin du mois.
Argo Blockchain hat sein Betriebsupdate für Oktober 2024 veröffentlicht, das eine verbesserte Mining-Leistung zeigt. Das Unternehmen hat 46 Bitcoin (1,5 BTC pro Tag) geschürft, was einem 24% Anstieg im Vergleich zur Produktion im September entspricht. Die Mining-Einnahmen erreichten 3,0 Millionen Dollar, was einem Anstieg von 36% gegenüber den 2,2 Millionen Dollar im September entspricht. Die verbesserte Leistung wurde auf eine erhöhte Betriebszeit aufgrund niedrigerer Stromkosten und einen stärkeren Hashpreis im Oktober zurückgeführt. Das Unternehmen berichtete, dass es am Ende des Monats zwei BTC äquivalent hielt.
- 24% increase in Bitcoin mining production to 46 BTC
- 36% increase in monthly mining revenue to $3.0 million
- Improved operational efficiency due to lower power costs
- Low Bitcoin holdings of only 2 BTC equivalent
Insights
The October operational update reveals mixed signals for Argo Blockchain. While the
The monthly revenue of
LONDON, ENGLAND / ACCESSWIRE / November 5, 2024 / Argo Blockchain plc, a global leader in cryptocurrency mining (LSE:ARB)(NASDAQ:ARBK), is pleased to provide the following operational update for October 2024.
During the month of October, the Company mined 46 Bitcoin ("BTC"), or 1.5 BTC per day, a
Mining revenue in October 2024 amounted to
This announcement contains inside information.
For further information please contact:
Argo Blockchain |
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Investor Relations | |
Tennyson Securities |
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Corporate Broker Peter Krens | +44 207 186 9030 |
Fortified Securities |
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Joint Broker Guy Wheatley, CFA | +44 7493 989014 |
Tancredi Intelligent Communication UK & Europe Media Relations |
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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SOURCE: Argo Blockchain PLC
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FAQ
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