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Argo Blockchain's Peter Wall updates on May mining revenues and impact of Bitcoin Halving

Argo Blockchain PLC's (LON:ARB) Peter Wall speaks to Proactive London's Andrew Scott after reporting higher cryptocurrency mining revenues in May despite a reduction in the number of digital currency mined as a result of the Bitcoin ‘halving’ event earlier in the month.

Argo reported mining revenue during the month of £1.93mln, up from £1.8mln in April, while the number of Bitcoin and Bitcoin equivalent mined fell to 252 from 319.

Quick facts: Argo Blockchain PLC

Price: 5.8 GBX

LSE:ARB
Market: LSE
Market Cap: £17.04 m
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Argo Blockchain has built 'efficient mining infrastructure for the future'...

Argo Blockchain's (LON:ARB) Peter Wall says 2019 was a significant year which saw them pivot away from the mining-as-a-service model. ARB reported an eleven-fold increase in revenues for the year following a 306% increase in its cryptocurrency mining capacity. ''We're at 18,000 machines...

on 29/4/20

2 min read