REG - Argo Blockchain PLC - December Operational Update

Argo BlockchainAnnouncement

07/01/2025 07:00

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RNS Number : 3146S  Argo Blockchain PLC  07 January 2025

Press Release

7 January 2025

Argo Blockchain plc

("Argo" or "the Company")

 

December Operational Update

Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) is pleased to provide the
following operational update for December 2024.

During the month of December, the Company mined 39 Bitcoin ("BTC"), or 1.3 BTC
per day, consistent with November's production.

Mining revenue in December 2024 amounted to $3.9 million, an increase from
$3.4 million in November 2024 due to the higher hashprice and BTC price
realized in December as compared to November. As at 31 December 2024, the
Company held two BTC equivalent.

As previously announced, the Company's hosting agreement with Galaxy ended on
December 28, 2024. The 23,619 S19J Pros at the Galaxy site will be refurbished
so they can be used in an air cooled facility. The Company is currently
evaluating alternative sites to rehost the machines.

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 a mining
facility in Quebec 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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