June Operational Update

By

Regulatory News | 05 Jul, 2024

Updated : 07:01

RNS Number : 2462V
Argo Blockchain PLC
05 July 2024
 

Press Release

5 July 2024

Argo Blockchain plc

("Argo" or "the Company")

 

June Operational Update

Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to provide the following operational update for June 2024.

During the month of June, the Company mined 44 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 1.5 BTC per day. This is consistent with May's production.

Mining revenue in June 2024 amounted to $2.9 million (May 2024: $2.9 million). For the month of June, the Company has seen mining margins of approximately 30%. As at 30 June 2024, the Company held 11 BTC equivalent.

This announcement contains inside information.

For further information please contact:

Argo Blockchain


Investor Relations

ir@argoblockchain.com

Tennyson Securities


Corporate Broker

Peter Krens

+44 207 186 9030

Fortified Securities


Joint Broker

Guy Wheatley, CFA

+44 7493 989014

guy.wheatley@fortifiedsecurities.com

Tancredi Intelligent Communication

UK & Europe Media Relations

 argoblock@tancredigroup.com

 

About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain technology company focused on large-scale cryptocurrency mining. With mining facilities in Quebec, mining operations in Texas, and offices in the US, Canada, and the UK, Argo's global, sustainable operations are predominantly powered by renewable energy. In 2021, Argo became the first climate positive cryptocurrency mining company, and a signatory to the Crypto Climate Accord. For more information, visit www.argoblockchain.com.

 

 

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