Argo Blockchain Reports Consistent Bitcoin Mining Revenue of $2.9M for June 2024
Portfolio Pulse from Benzinga Newsdesk
Argo Blockchain reported consistent Bitcoin mining revenue of $2.9 million for June 2024, with a production of 44 BTC and mining margins of approximately 30%. The company held 11 BTC equivalent as of June 30, 2024.
July 05, 2024 | 3:01 pm
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Argo Blockchain reported consistent Bitcoin mining revenue of $2.9 million for June 2024, with a production of 44 BTC and mining margins of approximately 30%. The company held 11 BTC equivalent as of June 30, 2024.
The consistent revenue and stable production figures indicate operational stability, which is positive for investor confidence. The 30% mining margin is also a healthy indicator of profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100