April Operational Update

RNS Number : 3314X
Argo Blockchain PLC
04 May 2021
 

Press Release

04 May 2021

 

 

 

Argo Blockchain PLC

 

('Argo' or 'the Company')

 

 

April Operational Update

 

Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB), is pleased to provide the following operational update for April.

 

During the month of April, Argo mined 163 Bitcoin or Bitcoin Equivalent (together, "BTC") compared to 165 BTC in March. 

 

Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in April amounted to £6.70 million (March 2021: £6.57 million). Argo generated this income at an average monthly mining margin of approximately 85% for the month of April (March 2021: 84%). 

 

At the end of April, the company held 936 BTC or Bitcoin Equivalent.

 

Peter Wall, Chief Executive of Argo, said: "I'm thrilled that Argo has generated a fourth consecutive month of record mining revenue and profits. I'm also pleased to have engaged Navier in the development of our Texas facility, a partnership that will enable us to expand our mining infrastructure significantly and efficiently. I am also delighted to have announced the second year of triple digit growth in our 2020 full year results. Our team has laid an excellent foundation for 2021 and our strong performance in Q1 of this year highlights we are executing it in line with expectations."

 

 

For further information please contact:

 

Argo Blockchain


Peter Wall

Chief Executive

Ian MacLeod

Executive Chairman

via Tancredi +44 203 434 2334

 

 

 

 

 

finnCap Ltd


Corporate Finance

Jonny Franklin-Adams

Tim Harper 

 

Corporate Broking

 

Sunila de Silva  

+44 207 220 0500

 

 

 

 

 

 

 

Tennyson Securities


Peter  Krens

+44 207 186 9030

OTC Markets


Jonathan Dickson

jonathan@otcmarkets.com

 

+44 204 526 4581

 

+44 7731 815 896

Tancredi Intelligent Communication

UK & Europe Media Relations


Emma Valgimigli

Emma Hodges

Salamander Davoudi

argoblock@tancredigroup.com

+44 7727 180 873

+44 7861 995 628

+44 7957 549 906

 

 

 

 

About Argo Blockchain Plc

 

Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF.

 

For more information on Argo Blockchain visit:  www.argoblockchain.com  

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDSSDFADEFSEII
UK 100

Latest directors dealings