HomeBlockchainJune Operational Update Announced by Argo Blockchain PLC

June Operational Update Announced by Argo Blockchain PLC


Argo Blockchain June 2024 Operational Update

Argo Blockchain, a global leader in cryptocurrency mining, has released its operational update for June 2024, showcasing steady production and revenue numbers. The company mined 44 Bitcoin or Bitcoin Equivalents in June, maintaining a production rate of 1.5 BTC per day, consistent with May’s numbers. Despite the stable production, mining revenue for June totaled $2.9 million, matching the previous month’s revenue.

The company’s mining margins remained at approximately 30% for the month, indicating no significant improvement in profitability. As of June 30, 2024, Argo Blockchain held 11 BTC equivalents in its reserves.

While the numbers may not show significant growth, Argo Blockchain continues to be a key player in the cryptocurrency mining industry. With mining facilities in Quebec, operations in Texas, and a commitment to sustainability through renewable energy sources, the company is making a mark in the crypto world.

Investors and stakeholders will be keeping a close eye on Argo Blockchain’s performance in the coming months as the cryptocurrency market continues to evolve. Stay tuned for more updates on this developing story.


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