Argo Blockchain Says It Mined 145 Bitcoin Or Bitcoin Equivalents In November, Increasing Daily BTC Production By 5% Sequentially, November Mining Revenue Amounted To $5.30M, An Increase Of 25% Sequentially
Portfolio Pulse from Benzinga Newsdesk
Argo Blockchain reported mining 145 Bitcoin or Bitcoin Equivalents in November, with a 5% increase in daily BTC production and a 25% increase in mining revenue to $5.30M compared to the previous month. The revenue boost was attributed to the rise in Bitcoin's price, and the company's HODL was 21 BTC as of November 30, 2023.
December 04, 2023 | 7:06 am
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Argo Blockchain's November performance shows a positive trend with increased BTC production and revenue, indicating operational efficiency and potential growth.
The reported increase in Bitcoin mining and revenue for Argo Blockchain is a strong positive indicator of the company's performance. The rise in Bitcoin prices that contributed to the revenue increase is also a bullish sign for investors. However, the overall market conditions for cryptocurrencies and the volatility of Bitcoin prices could affect investor sentiment.
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