Argo Blockchain Q2 Sales $11.40M Down From $14.89M YoY, Mining Margin Percentage 49%
Portfolio Pulse from Benzinga Newsdesk
Argo Blockchain reported Q2 sales of $11.40 million, down from $14.89 million YoY, with a mining margin percentage of 49%.
June 06, 2023 | 11:04 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Argo Blockchain's Q2 sales decreased to $11.40 million from $14.89 million YoY, and mining margin percentage was 49%.
Argo Blockchain's Q2 sales have decreased significantly compared to the same period last year, which may negatively impact the stock price in the short term. The mining margin percentage of 49% could also be a concern for investors, as it may indicate lower profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100