Argo Blockchain Mined 103 Bitcoin Or 3.3 Bitcoin Per Day In March, Increasing Daily BTC Production By 5% Sequentially; March Mining Revenue $7.0M, An Increase Of 55% Sequentially
Portfolio Pulse from Benzinga Newsdesk
Argo Blockchain reported a 5% increase in daily Bitcoin mining production in March, reaching 103 Bitcoin or 3.3 per day, despite a 4% rise in network difficulty. March's mining revenue soared by 55% to $7.0 million from February's $4.5 million. The company held digital assets equivalent to 26 Bitcoin as of March 31, 2024.
April 05, 2024 | 6:51 am
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Argo Blockchain's March performance shows significant growth in Bitcoin mining and revenue, with a 5% increase in daily mining and a 55% revenue jump.
The reported increase in Bitcoin mining and revenue for Argo Blockchain indicates a strong operational performance, likely to be viewed positively by investors. The growth in revenue and successful mining despite increased network difficulty suggests operational efficiency and could lead to positive sentiment in the short term.
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