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Argo Blockchain Maintains Production Amidst Halving

Argo Blockchain Maintains Production Amidst Halving

Argo Blockchain Plc (GB:ARB) has released an update.

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Argo Blockchain Plc, a leader in cryptocurrency mining, reported mining 99 Bitcoin in April 2024, maintaining its daily production rate even after the Bitcoin halving event. Revenue for April decreased by 6% to $6.6 million compared to March, with the company holding digital assets equivalent to 12 Bitcoin. Additionally, Argo granted equity awards to its employees as part of its 2022 Equity Incentive Plan.

For further insights into GB:ARB stock, check out TipRanks’ Stock Analysis page.

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