REG - Argo Blockchain PLC - Argo October Ops Update

Argo BlockchainAnnouncement

05/11/2024 07:00

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RNS Number : 8982K  Argo Blockchain PLC  05 November 2024

Press Release

5 November 2024

Argo Blockchain plc

("Argo" or "the Company")

 

October Operational Update

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

During the month of October, the Company mined 46 Bitcoin ("BTC"), or 1.5 BTC
per day, a 24% increase over the Company's September production.

Mining revenue in October 2024 amounted to $3.0 million up 36% from $2.2
million in September 2024. The increase in mining revenue reflects increased
uptime as a result of lower power costs compared to September and the stronger
hashprice realized during the month of October. As at 31 October 2024, the
Company held two BTC equivalent.

This announcement contains inside information.

For further information please contact:

 Argo Blockchain
 Investor Relations                  ir@argoblockchain.com (mailto:ir@argoblockchain.com)
 Tennyson Securities
 Corporate Broker                    +44 207 186 9030

 Peter Krens
 Fortified Securities
 Joint Broker                        +44 7493 989014

 Guy Wheatley, CFA                   guy.wheatley@fortifiedsecurities.com
 Tancredi Intelligent Communication   argoblock@tancredigroup.com

 UK & Europe Media Relations

 

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 (http://www.argoblockchain.com/)
www.argoblockchain.com (http://www.argoblockchain.com/) .

 

 

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