Argo Blockchain (GB:ARB) has released an update.
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Argo Blockchain, a leading cryptocurrency mining company, reported consistent performance in July 2024, mining 48 Bitcoin or Bitcoin Equivalents at an average of 1.5 BTC per day, matching June’s figures. The company’s revenue remained stable at $3.0 million with a mining margin in the mid 20% range, despite a slight decrease from June due to lower hash prices. Argo Blockchain continued to fortify its position, holding 11 BTC equivalent by the end of July.
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