Argo Blockchain, the sole crypto miner listed on the London Stock Exchange (LSE), said mining revenue fell 5.7% in December as a declining price for bitcoin more than offset an increase in production.The London-based company mined 214 bitcoins last month, taking the total for 2021 to 2,045, according to an announcement Friday.Mining revenue, however, fell to £7.82 million … [Read more...] about Argo Blockchain Monthly Revenue Drops Even as It Mined More Bitcoins
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Argo, Celsius End Mining-Services Pact as They Settle US Court Case
BusinessArgo will pay $6.3 million to cover its outstanding bill, and Celsius will give an unspecified amount of bitcoin to the miner.By Sheldon RebackDec 8, 2021 at 10:26 a.m. UTCUpdated Dec 8, 2021 at 10:26 a.m. UTCCrypto mining machines. (Mark Agnor/Shutterstock) Source link … [Read more...] about Argo, Celsius End Mining-Services Pact as They Settle US Court Case
Argo Blockchain’s Mining Revenue Increased 15% in November as It Added Capacity
Argo Blockchain’s bitcoin mining revenue increased about 15% to £8.29 million ($11 million) in November from October as it increased mining capacity.The London-based company mined 185 bitcoin “or bitcoin equivalent,” up from 167 in October.Its total production for 2021 is 1,831, the company announced Tuesday.Mining profit also rose about 15%, hitting £7.13 million ($9.63 … [Read more...] about Argo Blockchain’s Mining Revenue Increased 15% in November as It Added Capacity
Argo Blockchain Files to Raise Up to $57.5M in Senior Notes
Argo Blockchain (ARBK), the London-based crypto miner, has filed to raise up to $57.5 million in senior notes that would be due in Nov. 2026, with an interest rate of 8.75%.Argo will use the proceeds of the fund for general corporate purposes, and construction and build-out of its Texas mining facility, as well as potential acquisitions or investments in businesses within … [Read more...] about Argo Blockchain Files to Raise Up to $57.5M in Senior Notes
Argo Blockchain Mining Revenue Rose 32% in October
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.@2021 … [Read more...] about Argo Blockchain Mining Revenue Rose 32% in October