Argo Blockchain PLC July Operational Update (3232H)
August 03 2021 - 1:00AM
UK Regulatory
TIDMARB
RNS Number : 3232H
Argo Blockchain PLC
03 August 2021
Press Release
03 August 2021
Argo Blockchain PLC
("Argo" or "the Company")
July Operational Update
Argo Blockchain plc, a global leader in cryptocurrency mining
(LSE: ARB), is pleased to provide the following operational update
for July.
During the month of July, Argo mined 225 Bitcoin or Bitcoin
Equivalent (together, BTC) compared to 167 BTC in June. This brings
the total amount of BTC mined year-to-date to 1108 BTC.
Based on daily foreign exchange rates and cryptocurrency prices
during the month, mining revenue in July amounted to GBP5.60
million (June 2021: GBP4.36 million). Argo generated this income at
an average monthly mining margin of approximately 83% for the month
of July (June 2021: 78%).
At the end of July, the Company owned 1,496 Bitcoin or BTC
equivalent.
Peter Wall, Chief Executive of Argo said: "I'm delighted that we
have been able to capitalise on the reduction in global hash rate
and mining difficulty this month to deliver these results at an
impressive margin. We are also pleased to have broken ground at the
Texas facility, and are excited about the opportunities that this
development offers in allowing us to exercise greater control over
our mining operations, to continue to utilise renewable power and
to work with the local community in Texas to enact positive
change."
This announcement contains inside information.
For further information please contact:
Argo Blockchain
Peter Wall via Tancredi +44 203 434 2334
Chief Executive
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finnCap Ltd
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Corporate Finance
Jonny Franklin-Adams
Tim Harper
Joint Corporate Broker
Sunila de Silva +44 207 220 0500
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Tennyson Securities
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Joint Corporate Broker
Peter Krens +44 207 186 9030
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OTC Markets
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+44 204 526 4581
Jonathan Dickson
jonathan@otcmarkets.com +44 7731 815 896
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Tancredi Intelligent Communication
UK & Europe Media Relations
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Emma Valgimigli
Emma Hodges +44 7727 180 873
Salamander Davoudi +44 7861 995 628
argoblock@tancredigroup.com +44 7957 549 906
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About Argo:
Argo Blockchain plc is a global leader in cryptocurrency mining
with one of the largest and most efficient operations powered by
clean energy. The Company is headquartered in London, UK and its
shares are listed on the Main Market of the London Stock Exchange
under the ticker: ARB and on the OTCQX Best Market in the United
States under the ticker: ARBKF.
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END
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