REG - Argo Blockchain PLC - July Ops Update

Argo BlockchainAnnouncement

05/08/2024 07:00

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RNS Number : 0753Z  Argo Blockchain PLC  05 August 2024

Press Release

5 August 2024

Argo Blockchain plc

("Argo" or "the Company")

 

July Operational Update

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

During the month of July, the Company mined 48 Bitcoin or Bitcoin Equivalents
(together, "BTC"), or 1.5 BTC per day consistent with June 2024, which also
averaged 1.5 BTC per day.

Mining revenue in July 2024 amounted to $3.0 million consistent with the prior
month (June 2024: $2.9 million). Mining margin for July 2024 was in the mid
20% range, lower than June as a result of the lower hash price realized in
July compared to June. As at 31 July 2024, the Company held 11 BTC equivalent.

This announcement contains inside information.

For further information please contact:

 Argo Blockchain
 Investor Relations                  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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