Argo Blockchain's Mining Revenue in June Amounted to $3.84M, Down by 19% Vs May
Portfolio Pulse from Benzinga Newsdesk
Argo Blockchain's mining revenue for June 2023 was $3.84 million, down by 19% compared to May 2023. The company mined 139 Bitcoin, a decrease of 17% from the previous month, due to higher network difficulty and increased curtailment of mining operations at the Helios facility in Texas.
July 12, 2023 | 8:19 am
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Argo Blockchain's decreased mining revenue and Bitcoin production could negatively impact its stock price in the short term.
Argo Blockchain's mining revenue and Bitcoin production are key performance indicators. The reported decrease in both could be perceived negatively by investors, potentially leading to a short-term decrease in the stock price.
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