Argo Blockchain (GB:ARB) has released an update.
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Argo Blockchain reported a challenging third quarter in 2024, with revenues dropping to $7.5 million and a net loss of $6.3 million, attributed to a significant decline in mining margins compared to last year. The company has reduced its debt by $12.4 million and is exploring new growth opportunities, such as a high-performance computing expansion at its Baie-Comeau facility. Despite the hurdles, Argo remains focused on diversifying its operations beyond Bitcoin mining.
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