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Argo Blockchain Provides August Operational Update

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LONDON–()–Argo Blockchain plc (LSE: ARB; OTCQX: ARBKF), (“Argo” or the “Firm”), a worldwide chief in sustainable blockchain infrastructure and cryptocurrency mining, is happy to supply the next operational replace for August.

Through the month of August, Argo mined 206 Bitcoin or Bitcoin Equal (collectively, BTC) in comparison with 225 BTC in July. This brings the full quantity of BTC mined year-to-date to 1,314 BTC.

Primarily based on every day international trade charges and cryptocurrency costs throughout the month, mining income in August amounted to $9.43 million (July 2021: $7.75 million). Argo generated this revenue at a median month-to-month mining margin of roughly 86% for the month of August (July 2021: 83%). As a part of the Firm’s asset administration technique and as a consequence of constructive market circumstances, Argo bought 61 BTC at a median worth of $48,726.00 per BTC, producing money of $2.95 million.

On the finish of August, the Firm owned 1,659 Bitcoin or BTC equal.

Peter Wall, Chief Government of Argo and interim Chairman stated: “I’m happy that we’ve got been in a position to ship these outcomes at an improved margin this month and proceed to ship worth to our shareholders. We’re additionally delighted to have launched our Local weather Technique and stay dedicated in our efforts to enact constructive change inside the crypto mining sector.”

Change of Registered Workplace Handle

The Firm declares that with rapid impact, its registered workplace handle has modified to: ninth Ground, 16 Nice Queen Road, London, England, WC2B 5DG.

This announcement accommodates inside info.

About Argo

Argo Blockchain plc is a worldwide chief in cryptocurrency mining with one of many largest and most effective operations powered by clear power. The Firm is headquartered in London, UK and its shares are listed on the Major Market of the London Inventory Change below the ticker: ARB and on the OTCQX Greatest Market in the US below the ticker: ARBKF.

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