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Seeking Alpha 2022-05-09 09:30:58

Argo Blockchain mines 1.8% higher bitcoins in April

Argo Blockchain (NASDAQ:ARBK) mined 166 Bitcoin or Bitcoin Equivalent (together, BTC) in April 2022 compared to 163 BTC in March 2022. Based on daily foreign exchange rates and crypto rates, mining revenue stood at £5.52M (or $6.83M) compared to £5.22M (or $6.92M in prior month). The company generated this income at a bitcoin and bitcoin equivalent mining margin of ~75% compared to 74% in prior month. As of April end, Argo owned 2,682 Bitcoin, of which 235 were BTC equivalents. Shares trading 14.1% down premarket.

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