By Michael Susin
Argo Blockchain PLC shares fell on Wednesday after the corporate mentioned it has mined fewer bitcoins in December because of the impression of the U.S. winter storm in its operations.
Shares at 0909 GMT have been down 1 pence, or 9.8%, at 9.25 pence.
The London-listed cryptocurrency-mining firm mentioned it mined 147 bitcoins or equivalents in December, down from 198 in November.
As of Dec. 31, it held 141 bitcoins, of which 116 have been equivalents. Based mostly on day by day international trade charges and cryptocurrency costs over the month, mining income in December amounted to $2.9 million, down from $3.46 million in November.
Nevertheless, gross loss narrowed to $847,000 from $1.7 million, it mentioned.
Write to Michael Susin at [email protected]