Argo Blockchain (GB:ARB) has released an update.
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Argo Blockchain, a global cryptocurrency mining firm, reported mining 38 Bitcoin in August 2024, a decrease from July due to economic curtailments and a fall in hash price, resulting in a mining revenue of $2.3 million and a mining margin below 10%. The company also issued over 1.4 million new shares under its 2022 Equity Incentive Plan and confirmed its total share capital at over 637 million shares with equal voting rights. Argo emphasizes its sustainable operations and status as the first climate positive crypto mining company.
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