REG - Argo Blockchain PLC - June Operational Update

Argo BlockchainAnnouncement

05/07/2024 07:00

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RNS Number : 2462V  Argo Blockchain PLC  05 July 2024

Press Release

5 July 2024

Argo Blockchain plc

("Argo" or "the Company")

 

June Operational Update

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

During the month of June, the Company mined 44 Bitcoin or Bitcoin Equivalents
(together, "BTC"), or 1.5 BTC per day. This is consistent with May's
production.

Mining revenue in June 2024 amounted to $2.9 million (May 2024: $2.9 million).
For the month of June, the Company has seen mining margins of approximately
30%. As at 30 June 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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