Cryptocurrency mining company Argo Blockchain achieves record revenue growth in February

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LONDON – (BUSINESS WIRE) – Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB) (OTCQX: ARBKF) today announced that it has mined 129 Bitcoin or Bitcoin equivalent (together, “BTC”) in February compared to 93 BTC in January. This brings the total amount of BTC mined since the start of the year to 222 BTC. At the end of February, the company held a total of 599 BTC.

Based on daily exchange rates and cryptocurrency prices during the month, mining revenue in February was $ 6.04 million from $ 3.46 million in January 2021. Argo generated these revenues with an average monthly mining margin of around 81% for the month of February, up …

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