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CryptoCurrency
Argo Blockchain Reports $8.7m Net Loss in Q1 2023 amid Revenue Growth and Cost Reductions
2023-06-06T10:10:46.649+02:00
The publicly-listed miner reported increased revenue and cost reductions in Q1 2023.
However, the quarter did not prove profitable with a net loss of almost $9 million.
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CryptoCurrency
Argo Blockchain Turns £194M in Loss as BTC Price Tumbled in 2022
2023-04-28T10:58:17.535+02:00
The revenue of the company declined 36 percent.
It strengthened its balance sheet with the sale of the Helios facility.
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CryptoCurrency
Argo Blockchain Hires New CFO, Bitcoin Mining Decreases in March
2023-04-04T10:03:15.759+02:00
The crypto company appoints Jim MacCallum as the new Chief Financial Officer.
Also, it reports 161 BTC mined in March, a 10% decrease from February.
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Argo Daily BTC Production Rises 7% in February despite Network Difficulty Jump
2023-03-07T10:45:01.078+02:00
Bitcoin network difficulty rose by 10% in February 2023.
However, Argo was still able to increase its daily Bitcoin mining capacity.
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CryptoCurrency
Argo Blockchain Produces More BTC in January Due to Lighter Winter
2023-02-08T12:21:50.645+02:00
Harsh winter conditions limited BTC production in December 2022.
In January 2023, the overall Bitcoin production was 14% higher.
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CryptoCurrency
Argo Blockchain Reports 35% Lower Bitcoin Production in December
2023-01-11T11:39:50.916+02:00
Argo produces less BTC due to the harsh winter in the US.
The firm halted production at one of its mines to lower the strain on the electric grid.
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CryptoCurrency
Mike Novogratz's Galaxy Saves Bitcoin Miner Argo from Bankruptcy
2022-12-28T11:26:31.732+02:00
Argo sells Helios mine and takes asset-backed loans from Galaxy.
The company wants to renew its focus on Canadian operations.
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CryptoCurrency
Argo Blockchain Cancels £24 Million Funding, Shares Plunge 46%
2022-10-31T10:53:19.842+02:00
The share price of the company dropped by 46 percent on Monday.
The company's focus is now on maximizing liquidity and preserving cash.
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Arnab Shome
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News
Bitcoin Price Decline Pushes Argo Blockchain’s H1 Revenue Down by 14%
2022-08-25T08:51:07.657+02:00
The revenue of the company for the period came in at £26.7 million.
It ended the period with a pre-tax loss of £36.9 million.
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Arnab Shome
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Argo Blockchain Sees 2,033% Jump in 2021 Net Income
2022-04-28T08:53:30.559+02:00
The company benefited from the reduced hashrate last year.
It is expecting to kick off operations at Helios in May.
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Arnab Shome
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Argo Blockchain’s BTC Mining Revenue Drops to £5.26M in January
2022-02-07T11:07:03.970+02:00
It only mined 172 Bitcoin last month.
The difficulty of BTC mining increased significantly.
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Argo Blockchain Generates Record Revenue of $26 Million in Q3 2021
2021-11-02T11:47:34.000+02:00
The company mined 597 Bitcoin and BTC equivalents in the third quarter.
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News
Argo Blockchain’s Revenues Increase by 180% in H1 2021
2021-08-09T09:42:16.000+02:00
The company reported revenues of £31.1 million for the first half of 2021.
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Argo Blockchain Acquires 2 Data Centers in Canada
2021-05-13T12:14:58.000+02:00
Together, these data centers can generate 20MW of power.
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Argo Blockchain CEO Starts Receiving Salary in Bitcoin
2021-03-03T09:59:39.000+02:00
Fiat equivalent of his salary will be converted into Bitcoin at a daily market rate.
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Bitcoin to $50K & beyond: Argo’s Peter Wall on the Future of BTC
2021-02-18T14:11:44.000+02:00
2021 has already been a momentous year for Bitcoin. Peter Wall speaks on the current moment and what is next.
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Argo Blockchain Announces Early Shipment of Crypto Mining Machines
2021-01-11T11:42:40.000+02:00
A total of 1,058 cryptocurrency mining machines from the company’s order of 4,500 will be delivered ahead of schedule.
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Argo’s Bitcoin Mining Sees 1,000% Revenue Jump in 2019
2020-04-30T12:10:33.000+02:00
The company mined around 1,330 Bitcoins throughout the year.
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Argo Reports Record Q1 Bitcoin Mining Figures
2020-04-06T16:05:35.000+02:00
The company will install another 1,000 Antminer S17+ machines by the end of this month.
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Argo Blockchain Records 24 Percent Uptick in Mining Profits
2019-07-02T13:32:47.000+02:00
The company’s share price is also skyrocketing, gaining 124 percent since early May.
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Argo Blockchain Likely to Break Even in Second Quarter
2019-05-08T18:04:19.000+02:00
The crypto firm said it could rake in $2.36 million in revenue by its purchase of 1,000 new mining units
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First Cryptocurrency IPO on London Stock Exchange Raises £25 million
2018-08-05T16:29:02.000+02:00
Argo Blockchain aims to be the Amazon of cryptocurrency mining.
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