REG - Argo Blockchain PLC - Argo September Operational Update

Argo BlockchainAnnouncement

04/10/2024 07:00

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RNS Number : 9079G  Argo Blockchain PLC  04 October 2024

Press Release

4 October 2024

Argo Blockchain plc

("Argo" or "the Company")

 

September Operational Update

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

During the month of September, the Company mined 37 Bitcoin ("BTC"), or 1.2
BTC per day consistent with August 2024. BTC production was again impacted by
economic curtailments during the month and low hash price.

Mining revenue in September 2024 amounted to $2.2 million down from $2.3
million in August 2024. Mining margin for the third quarter was below 10%,
lower than the second quarter as a result of the lower hash price realized in
the third quarter versus the second quarter, and higher power prices. As at 30
September 2024, the Company held 4 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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