REG - Argo Blockchain PLC - July Operational Update

Argo BlockchainAnnouncement

03/08/2021 07:05

RNS Number : 3232H
  
Argo Blockchain PLC
  
03 August 2021
  
 

Press Release
03 August 2021
Argo Blockchain PLC
("Argo" or "the Company")
 
July Operational Update
 
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB), is pleased to provide the following operational update for July.
During the month of July, Argo mined 225 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 167 BTC in June. This brings the total amount of BTC mined year-to-date to 1108 BTC.
Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in July amounted to £5.60 million (June 2021: £4.36 million). Argo generated this income at an average monthly mining margin of approximately 83% for the month of July (June 2021: 78%).
At the end of July, the Company owned 1,496 Bitcoin or BTC equivalent.
Peter Wall, Chief Executive of Argo said: "I'm delighted that we have been able to capitalise on the reduction in global hash rate and mining difficulty this month to deliver these results at an impressive margin. We are also pleased to have broken ground at the Texas facility, and are excited about the opportunities that this development offers in allowing us to exercise greater control over our mining operations, to continue to utilise renewable power and to work with the local community in Texas to enact positive change."
This announcement contains inside information. 
For further information please contact:
 



Argo Blockchain








Peter Wall
Chief Executive


via Tancredi +44 203 434 2334
 
 




finnCap Ltd








Corporate Finance
Jonny Franklin-Adams 
Tim Harper 
 
Joint Corporate Broker
 
Sunila de Silva 


+44 207 220 0500
 
 
 
 
 
 
 




Tennyson Securities 








Joint Corporate Broker
Peter Krens


+44 207 186 9030




OTC Markets








Jonathan Dickson
jonathan@otcmarkets.com
 


+44 204 526 4581
 
+44 7731 815 896




Tancredi Intelligent Communication
UK & Europe Media Relations








Emma Valgimigli 
Emma Hodges
Salamander Davoudi
argoblock@tancredigroup.com 
 


+44 7727 180 873
+44 7861 995 628
+44 7957 549 906
 
 



 
About Argo:
Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF.
 
 
 

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