Argo Blockchain reports earnings and revenue surge in first half as Bitcoin mining capacity expands
The crypto miner said it had mined 1,669 Bitcoin during the period, a 545% increase on the prior year
Company
Argo Blockchain PLC
LON:ARB
Argo Blockchain PLC is a global data centre business that provides a powerful and efficient platform for cryptocurrency mining operations. The company is headquartered in London, UK, with operations in strategic locations in North America.
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Argo Blockchain reports higher revenues and margins in August amid strong Bitcoin prices
The cryptocurrency miner reported revenues of £1.49mln in August, up from £1.25mln in July, while its average monthly mining margin rose to 44% from 34%
Argo Blockchain boosts mining margins in July
CEO Peter Wall also hailed a rise in Bitcoin prices above US$10,000, which he said will positively impact margins going forward
Argo Blockchain pays down debt and expands mining capacity as Bitcoin enters post-halving period
The crypto miner said its total mining capacity now stands at 18,000 machines, representing a 244% increase in mining power from the end of 2019
Argo Blockchain expands cryptocurrency mining capacity
The company has purchased 750 new Bitmain Z11 crypto mining machines with cash generated from operations as well as arm's length financing
Argo Blockchain sees mining revenue rise in May despite Bitcoin halving
A halving occurs around every four years and reduces the rate at which new Bitcoin enters circulation by making it twice as hard to mine a single unit of the digital currency
Argo Blockchain reports triple-digit rise in amount of Bitcoin mined in early 2020, appoints new CFO
The cryptocurrency miner said that its mining capacity has increased by 244% from the end of last year
Argo Blockchain reports eleven-fold revenue increase in 2019
The company said it had mined around 1,330 Bitcoin over the course of the year
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Argo Blockchain jumps as it mines record number of Bitcoin in first three months of 2020
The crypto miner mined 918 Bitcoin or Bitcoin equivalent in the three months, more than double the amount mined during the previous quarter
Argo Blockchain bounces as it reports 56% jump in monthly revenues, completes mining expansion ahead of schedule
The company has installed around 10,000 new cryptocurrency mining machines since the start of the year
Argo Blockchain makes strong start to 2020
Argo now has 16,500 machines in production representing 630 petahash of mining power.
Argo Blockchain appoints new executive chairman as machine installations continue ahead of schedule
Ian MacLeod, who succeeds outgoing chairman Mike Edwards, also serves as corporate secretary and general counsel at e-commerce-focused investment fund Teligence
Argo Blockchain bounces as revenues increase ten-fold
The cryptocurrency miner also says its plans to expand its mining capacity are currently ahead of schedule
Argo Blockchain rises as it appoints VP of operations as new CEO, adds new mining machines
Peter Wall, one of the co-founders of the cryptocurrency miner, has ascended to the position with immediate effect
Argo Blockchain increases number of crypto mining machines to 7,000
The cryptocurrency miner is planning to increase its production base to 17,000 by the end of the first quarter of 2020, with 10,000 more machines currently on order
Argo Blockchain to receive 10,000 crypto mining machines following expanded order
The cryptocurrency miner said that it had replaced the order for 5,000 Antminer S17s priced at US$13.09mln, with 10,000 Antminer T17s costing US$9.51mln
Argo Blockchain increases number of Bitcoin mining machines to 6,500
Another 5,500 machines are currently on order and expected to be installed by the end of the quarter
Argo Blockchain’s third-quarter revenues jump 75%
The jump in income for the Bitcoin miner came as it said it was planning to double its mining capacity by the end of the year with 6,000 new machines
Argo completes installation of 1,000 crypto mining machines
Another 6,000 machines are scheduled to be installed over the next two quarters