Argo Blockchain Reported H1 2023 Revenue of $24.0M, Down by 31% YoY, EPS Loss $(0.03), Bitcoin and Bitcoin Equivalent ("BTC") Mined was 947, up by 1% YoY
Portfolio Pulse from Benzinga Newsdesk
Argo Blockchain reported H1 2023 revenue of $24.0M, a decrease of 31% YoY. The company also reported an EPS loss of $(0.03). The number of Bitcoin and Bitcoin Equivalent ('BTC') mined was 947, an increase of 1% YoY.
August 29, 2023 | 7:26 am
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Argo Blockchain's H1 2023 revenue decreased by 31% YoY to $24.0M, and the company reported an EPS loss of $(0.03). However, the number of BTC mined increased by 1% YoY.
The decrease in revenue and reported EPS loss could negatively impact Argo Blockchain's stock price. However, the increase in the number of BTC mined could potentially offset some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100