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Argo Blockchain’s Mining Revenue Increased 15% in November as It Added Capacity
The company mined 185 bitcoins or bitcoins equivalent during the month, bringing its 2021 total to 1,831.
Argo Blockchain’s bitcoin mining revenue increased by about 15% to £8.29 million ($11 million) in November from October as it increased its mining capacity.
- The London-based company mined 185 bitcoins “or bitcoins equivalent,” up from 167 in October.
- Its total production for 2021 is 1,831, the company announced Tuesday.
- Mining profit also rose about 15%, hitting £7.13 million ($9.63 million).
- Mining capacity grew by 310 petahashes per second to 1.605 exahashes per second as of Nov. 30. Petahash and exahash are measures of computing power.
- Argo Blockchain (LSE: ARB, NASDAQ: ARBK) is the only crypto miner listed on the London Stock Exchange. It started trading on the Nasdaq Global Market in September.
- The London shares were trading about 5% higher at publication time.
Read more: Argo Blockchain Achieves Record Revenue in Third Quarter
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Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
