Argo Blockchain PLC December Operational Update
January 07 2025 - 1:00AM
RNS Regulatory News
RNS Number : 3146S
Argo Blockchain PLC
07 January 2025
Press Release
7 January 2025
Argo Blockchain
plc
("Argo"
or "the Company")
December Operational
Update
Argo Blockchain plc (LSE: ARB;
NASDAQ: ARBK) is pleased to provide the following operational
update for December 2024.
During the month of December, the
Company mined 39 Bitcoin ("BTC"), or 1.3 BTC per day, consistent
with November's production.
Mining revenue in December 2024
amounted to $3.9 million, an increase from $3.4 million in November
2024 due to the higher hashprice and BTC price realized in December
as compared to November. As at 31 December 2024, the Company held
two BTC equivalent.
As previously announced, the
Company's hosting agreement with Galaxy ended on December 28, 2024.
The 23,619 S19J Pros at the Galaxy site will be refurbished so they
can be used in an air cooled facility. The Company is currently
evaluating alternative sites to rehost the machines.
This announcement contains inside
information.
For further information please
contact:
|
Argo Blockchain
|
|
|
Investor Relations
|
ir@argoblockchain.com
|
|
Tennyson Securities
|
|
|
Corporate Broker
Peter Krens
|
+44
207 186 9030
|
|
Fortified Securities
|
|
|
Joint Broker
Guy
Wheatley, CFA
|
+44
7493 989014
guy.wheatley@fortifiedsecurities.com
|
|
Tancredi Intelligent Communication
UK & Europe Media
Relations
|
argoblock@tancredigroup.com
|
About Argo:
Argo Blockchain plc is a dual-listed
(LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on
large-scale cryptocurrency mining. With a mining facility in Quebec
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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