HomeBlockchainMay Operational Update, TVR, and New Shares Announced by Argo Blockchain PLC

May Operational Update, TVR, and New Shares Announced by Argo Blockchain PLC


Argo Blockchain plc Provides Operational Update for May 2024

Argo Blockchain plc, a leading global cryptocurrency mining company, has released its operational update for May 2024, showcasing its mining activities and financial performance during the month.

In May, the company mined 45 Bitcoin or Bitcoin Equivalents, equivalent to 1.5 BTC per day. This represents a 55% decrease in BTC mined compared to April 2024, primarily due to the reduced hashprice resulting from the Bitcoin halving. Despite this decrease, Argo Blockchain generated mining revenue of $2.9 million in May, with mining margins of approximately 30%.

Additionally, Argo Blockchain issued 626,883 new ordinary shares as part of its Equity Incentive Plan, further expanding its share capital. The company’s total voting rights as of May 31, 2024, consist of 578,397,673 ordinary shares, all with equal voting rights and no shares held in Treasury.

Argo Blockchain, listed on both the London Stock Exchange and NASDAQ, is known for its sustainable cryptocurrency mining operations powered by renewable energy. The company’s commitment to environmental responsibility has positioned it as a leader in the industry, becoming the first climate positive cryptocurrency mining company and a signatory to the Crypto Climate Accord.

For more information on Argo Blockchain and its operations, visit www.argoblockchain.com.


Bitcoin ETF Inflows Reach $422.5M, the Highest in Six Weeks

Bitcoin ETFs See Surge in Demand as BTC Price Rallies The U.S.-listed exchange-traded funds tracking bitcoin's spot price are experiencing a surge in demand, with...

Despite Mt. Gox Payout Concerns, Bitcoin (BTC) Surges to $65K; Ripple’s XRP Leads Crypto Market Rally

Bitcoin Hits Four-Week High as Crypto Rebound Continues The crypto market is on fire as bitcoin (BTC) reached its highest price in four weeks, surpassing...

Do Ethereum’s smart contracts outperform those of its competitors?

Exploring Smart Contracts: A Comparative Analysis of Ethereum and its Competitors The Evolution of Smart Contracts: Ethereum vs Competitors Ethereum, created by Vitalik Buterin, has been...

DTX, a leading DeFi platform, unveils new privacy blockchain Render (RNDR) and welcomes Ripple (XRP) users.

Exciting Updates in the Crypto World: DTX Exchange, Ripple (XRP) Victory, and Render (RNDR) Rebranding Title: DTX Exchange Solves Traders' Problems, Ripple (XRP) Celebrates Legal...

Most Popular