Argo Blockchain (GB:ARB) has released an update.
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Argo Blockchain, a prominent player in cryptocurrency mining, reported mining 37 Bitcoin in September 2024, with revenues reaching $2.2 million, slightly down from the previous month due to economic curtailments and a fall in hash price. Despite these challenges, the company maintained a mining margin below 10% for the third quarter, also affected by increasing power costs. Argo held 4 Bitcoin as of September 30, 2024, amidst a backdrop of global operations powered largely by renewable energy.
For further insights into GB:ARB stock, check out TipRanks’ Stock Analysis page.
