Argo Blockchain pocketed a record revenue of $26 million for the third quarter after mining nearly 600 BTC.
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Argo Blockchain secures $25M Bitcoin-backed loan from Galaxy Digital
The Bitcoin mining giant has entered into another BTC-backed loan agreement with Galaxy Digital as it pursues further operational expansions.
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Crypto mining firm Argo Blockchain files for US IPO
The company has been publicly traded on the London Stock Exchange since 2018.
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Bitcoin Mining Report Claims Miner Energy Consumption Mix 56% Sustainable in Q2
During the last three months, there’s been a significant focus on the effects bitcoin mining has on the global environment. While many have claimed bitcoin mining is bad for the environment and many others have stressed that it affects the environment in a positive way, either way, most are relying on unreliable and old data […]Powered by WPeMatico
Argo Blockchain receives $20M Bitcoin-backed loan from Galaxy Digital for Texas mining facility
The U.K.-based mining firm’s announcement comes amid the country’s Financial Conduct Authority cracking down on crypto exchanges.
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Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners
After Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,” the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door meetings with North American bitcoin miners. Bitcoin Mining Council Brings Back Memories […]Powered by WPeMatico
DMG and Argo to Launch a Clean Energy-Focused Bitcoin Mining Pool
The blockchain and crypto firm DMG Blockchain Solutions has revealed a partnership with the crypto asset mining business Argo Blockchain. The two firms have decided to launch a bitcoin mining pool that’s focused on leveraging clean energy resources. DMG Blockchain Solutions (TSX-V: DMGI) and Argo Blockchain Plc (LSE: ARB) have recently entered into a Memorandum […]Powered by WPeMatico
Argo Blockchain Buys 172.5 Bitcoins as Reserve Asset, Monthly Revenue Soars 52%
Argo Blockchain said Wednesday that it bought 172.5 bitcoins in the second half of January as part of its asset management strategy. ● In a trading update, the London Stock Exchange-listed bitcoin miner also reported strong revenue growth during the review month, climbing 52% to £2.48 million ($3.37 million) from £1.63 million ($2.21 million) in […]Powered by WPeMatico
Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January
Bitcoin miner Argo Blockchain reported Thursday that revenue climbed 23% to £1.48 million ($1.98 million) in November compared to £1.2 million ($1.6 million) the previous month. ● The London Stock Exchange-listed firm mined less bitcoin (BTC) in November (115 BTC) than it did in October (126 BTC) “due to changes in mining difficulty”, but bitcoin’s […]
The post Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January appeared first on Bitcoin News.
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$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply
The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm Microstrategy announced it purchased 21,454 BTC for around […]
The post $10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply appeared first on Bitcoin News.
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