Argo Blockchain's Mining Revenue In August Amounted To $2.93M, Down By 24% Vs. July
Portfolio Pulse from Benzinga Newsdesk
Argo Blockchain's mining revenue in August was $2.93 million, down by 24% compared to July. However, a higher mining margin percentage is expected due to estimated power credits. The company mined 105 Bitcoin in August, holding 49 BTC as of August 31, 2023.
September 08, 2023 | 6:43 am
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Argo Blockchain's revenue decreased in August, but higher mining margins are expected due to power credits. The company mined 105 BTC in August and held 49 BTC as of August 31, 2023.
The decrease in Argo Blockchain's revenue could negatively impact the stock price. However, the expected increase in mining margins due to power credits could offset this impact. The company's mining activity and BTC holdings could also influence the stock price.
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