In May 2024, Argo Blockchain reported a 55% decrease in Bitcoin mining revenue due to the halving-related reduced hashprice.
Argo Blockchain, a major cryptocurrency mining company, reported a 55% decrease in Bitcoin mining in May 2024 compared to April, due to reduced hashprice following the Bitcoin halving. Mining revenue dropped 56% to $2.9m. The company issued 626,883 new ordinary shares under its 2022 Equity Incentive Plan, increasing its share capital to 578,397,673 ordinary shares. Argo Blockchain operates in Texas, Quebec, and has offices in the US, Canada, and the UK.
June 05, 2024
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