Sunday, March 7, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Argo Blockchain jumps as it mines record number of Bitcoin in first three months of

10 months ago
in Blockchain
2 min read
Argo Blockchain jumps as it mines record number of Bitcoin in first three months of
Share on FacebookShare on Twitter


The crypto miner mined 918 Bitcoin or Bitcoin equivalent in the three months, more than double the amount mined during the previous quarter

Related articles

Polkadot and staking: New frontiers in blockchain development

Polkadot and staking: New frontiers in blockchain development

March 6, 2021
Two-minute explainer: Can you include bitcoin in your ISA or SIPP?

Two-minute explainer: Can you include bitcoin in your ISA or SIPP?

March 5, 2021

() said it has mined a record level of Bitcoin in the first three months of 2020, adding that its operations have not been impacted by coronavirus.

The cryptocurrency miner said in an update for March that it had mined 918 Bitcoin or Bitcoin equivalent (BTC) in the three months, more than double the amount mined during the previous quarter. For the month itself, Argo mined 333.8 BTC compared to 337.5 in February.

READ: Argo Blockchain bounces as it reports 56% jump in monthly revenues, completes mining expansion ahead of schedule

The company also said it generated revenues of £1.8mln in March, down from £2.5mln in February, adding that mining conditions in the month were harder as algorithmic difficulty increased early in the month, and Bitcoin prices then saw a sharp decline in the second week.

Overall, revenues for the first quarter amounted to £6mln.

Looking ahead, Argo said its order of 1,000 Bitmain Antiminer S17+ machines “remains on track” with the new hardware expected to be delivered an installed by the end of April, increasing its BTC mining capacity by 10%.

“Despite challenging conditions the company continues to deliver some of the best mining margins in the industry. This reflects Argo’s high-quality mining infrastructure and expertise”, said chief executive Peter Wall in a statement.

Shares in Argo jumped 10.7% to 4p in early trading on Monday.

–Adds share price–



Read more:Argo Blockchain jumps as it mines record number of Bitcoin in first three months of

Tags: ArgoBitcoinbitcoin news todayBlockchainjumpsminesmonthsnumberrecord

Related Posts

Polkadot and staking: New frontiers in blockchain development

Polkadot and staking: New frontiers in blockchain development

by Bitcoin Market
March 6, 2021
0

Since the launch of the DOT token in August, the Polkadot blockchain has become a strong challenger to other...

Two-minute explainer: Can you include bitcoin in your ISA or SIPP?

Two-minute explainer: Can you include bitcoin in your ISA or SIPP?

by Bitcoin Market
March 5, 2021
0

We checked with three personal finance analysts ahead of the ISA and SIPP deadline If the question is can...

Which stocks, investment trusts and funds are people adding to their ISA and SIPPs?

Which stocks, investment trusts and funds are people adding to their ISA and SIPPs?

by Bitcoin Market
March 5, 2021
0

Ahead of the ISA and SIPP deadline in early April, investors were also piling into investment trusts and funds...

Proactive news headlines: Argo Blockchain, Gore Street Energy Storage, Inspired

Proactive news headlines: Argo Blockchain, Gore Street Energy Storage, Inspired

by Bitcoin Market
March 4, 2021
0

() has been burning the (figurative) midnight oil, mining 129 Bitcoin (or equivalent) in February, up from 93 in...

Argo Blockchain CEO Peter Wall now paid in Bitcoin after record month in mining

Argo Blockchain CEO Peter Wall now paid in Bitcoin after record month in mining

by Bitcoin Market
March 4, 2021
0

's () talks to Proactive London's Katie Pilbeam after announcing mining has now gone up to 129 Bitcoin (or...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
North America’s first bitcoin ETF launches in Canada today

North America’s first bitcoin ETF launches in Canada today

February 18, 2021
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Bitcoin: Mother Of All Bubbles, Or Revolutionary Breakthrough

Bitcoin: Mother Of All Bubbles, Or Revolutionary Breakthrough

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
Bitcoin: Mother Of All Bubbles, Or Revolutionary Breakthrough

Bitcoin: Mother Of All Bubbles, Or Revolutionary Breakthrough

March 7, 2021
A Debt-Fuelled Economic Crisis & Bitcoin: What to Expect?

A Debt-Fuelled Economic Crisis & Bitcoin: What to Expect?

March 7, 2021
Discount on Grayscale’s GBTC Plunges to New Record Low as Competition From Emerging

Discount on Grayscale’s GBTC Plunges to New Record Low as Competition From Emerging

March 7, 2021
The investing chief of a crypto hedge fund breaks down why he thinks bitcoin will

The investing chief of a crypto hedge fund breaks down why he thinks bitcoin will

March 7, 2021
Bitcoin is not ‘overbought’, may reach $75,000 price before current bull cycle ends,

Bitcoin is not ‘overbought’, may reach $75,000 price before current bull cycle ends,

March 7, 2021
FM’s push for ‘calibrated’ approach on crypto trading calms frayed nerves

FM’s push for ‘calibrated’ approach on crypto trading calms frayed nerves

March 7, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$51,107.004.00%
  • bitcoin-cashBitcoin Cash(BCH)$515.162.56%
  • binance-coinBinance Coin(BNB)$237.834.65%
  • bitcoin-goldBitcoin Gold(BTG)$29.204.01%
  • bitcoin-privateBitcoin Private(BTCP)$0.136-60.67%
  • blocktixBlocktix(TIX)$0.0140.00%