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Argo Blockchain’s Mining Revenue Increased 15% in November as It Added Capacity
The company mined 185 bitcoins or bitcoins equivalent during the month, bringing its 2021 total to 1,831.
Updated May 11, 2023, 7:03 p.m. Published Dec 7, 2021, 11:09 a.m.
Argo Blockchain’s bitcoin mining revenue increased by about 15% to £8.29 million ($11 million) in November from October as it increased its mining capacity.
- The London-based company mined 185 bitcoins “or bitcoins equivalent,” up from 167 in October.
- Its total production for 2021 is 1,831, the company announced Tuesday.
- Mining profit also rose about 15%, hitting £7.13 million ($9.63 million).
- Mining capacity grew by 310 petahashes per second to 1.605 exahashes per second as of Nov. 30. Petahash and exahash are measures of computing power.
- Argo Blockchain (LSE: ARB, NASDAQ: ARBK) is the only crypto miner listed on the London Stock Exchange. It started trading on the Nasdaq Global Market in September.
- The London shares were trading about 5% higher at publication time.
Read more: Argo Blockchain Achieves Record Revenue in Third Quarter
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