Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Seeking Alpha 2023-03-07 14:00:44

Argo Blockchain boosts daily bitcoin production by 7% M/M in February

Argo Blockchain ( NASDAQ: ARBK ) ( OTCPK:ARBKF ) mined 162 bitcoins ( BTC-USD ) in February, down from the 168 bitcoins generated in January, perhaps because February is the shortest month of the year. Even so, the London, U.K.-based miner increased its daily bitcoin ( BTC-USD ) production to 5.7 BTC vs. 5.4 in January. That's despite a 10% rise in average network difficulty from the prior month, it noted. Mining revenue of $3.76M advanced from $3.42M in January, based on daily foreign exchange rates and cryptocurrency prices. The company's total hashrate capacity stayed at 2.5 exahashes per second, and it held 101 bitcoin ( BTC-USD ) or bitcoin equivalents as of Feb. 28. ARBK slipped 1.8% in premarket trading. During the month, the company said its founder, Peter Wall, will step down as CEO.

freebitcoin
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.