02:00 Thu 03 Dec 2020
Argo Blockchain PLC - November Operational Update
Press Release
03 December 2020
Argo Blockchain PLC
('Argo' or 'The Company')
November Operational Update
Argo, the leading cryptocurrency miner based in the UK (LSE:ARB), is pleased to provide the following operational update for November.
During the month of November, Argo mined 115 Bitcoin or Bitcoin Equivalent (BTC) compared to 126 Bitcoin Equivalent in October. The reduction in the number of coins mined in November compared to October is due to changes in mining difficulty and the Zcash halving which took place on 17th November. This takes the total amount of BTC mined year-to-date to 2,369.
Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in November amounted to
At the end of October, the company held 178 BTC in Bitcoin and BTC equivalents, in accordance with the Company's asset management strategy. Argo's total mining capacity is 16,000 machines and 645 petahash in addition to 280 Megasols of equihash mining capacity.
This announcement contains inside information.
For further information please visit www.argoblockchain.com or contact:
Argo Blockchain |
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via Tancredi Tel: +44 203 434 2334
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Corporate Broker - finnCap Ltd |
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(Corporate Finance) |
Tel: +44 20 7220 0500
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Media Relations - Tancredi Intelligent Communications |
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Salamander Davoudi
Emma Valgimigli
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Tel: +44 7957 549 906 Tel: +44 7727 180 873 |
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