Argo Blockchain Reports Increased Bitcoin Production and Revenue in October

Argo Blockchain PLC, a notable name in cryptocurrency mining, announced its operational performance for October 2024. The company mined 46 Bitcoin during the month, translating to 1.5 Bitcoin per day. This marks a 24% increase compared to September's output.

October's mining revenue reached $3.0 million, showcasing a 36% rise from September's $2.2 million. This growth is attributed to reduced power costs and a stronger hashprice. As of October 31, 2024, Argo held Bitcoin equivalent to two BTC.

This update was disclosed by Argo Blockchain as part of their commitment to transparency and shareholder information. The information provided is considered inside information as per financial regulations.