London-listed crypto-miner Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK) reported that it produced 37 Bitcoins (BTC) in the month of September.
The average daily production was 1.2 BTC.
Mining revenue for September totalled $2.2 million, marking a slight decline from the $2.3 million recorded in August. The company said its activities were impacted by economic curtailments and low hash prices during the month.
Mining margin for the third quarter was below 10%, a decrease from the previous quarter due to lower hash prices and rising power costs.
The company noted that at the end of September it holdings amounted to four Bitcoin equivalents (a cash value of around $240,000 at today’s Bitcoin price).