Press Release
03 August 2021
Argo Blockchain PLC
("Argo" or "the Company")
July Operational Update
Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB), is pleased to provide the following operational update for July.
During the month of July, Argo mined 225 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 167 BTC in June. This brings the total amount of BTC mined year-to-date to 1108 BTC.
Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in July amounted to £5.60 million (June 2021: £4.36 million). Argo generated this income at an average monthly mining margin of approximately 83% for the month of July (June 2021: 78%).
At the end of July, the Company owned 1,496 Bitcoin or BTC equivalent.
Peter Wall, Chief Executive of Argo said: "I'm delighted that we have been able to capitalise on the reduction in global hash rate and mining difficulty this month to deliver these results at an impressive margin. We are also pleased to have broken ground at the Texas facility, and are excited about the opportunities that this development offers in allowing us to exercise greater control over our mining operations, to continue to utilise renewable power and to work with the local community in Texas to enact positive change."
This announcement contains inside information.
For further information please contact:
| Argo Blockchain | |
| Peter Wall Chief Executive | via Tancredi +44 203 434 2334
|
| finnCap Ltd | |
| Corporate Finance Jonny Franklin-Adams Tim Harper
Joint Corporate Broker
Sunila de Silva | +44 207 220 0500
|
| Tennyson Securities | |
| Joint Corporate Broker Peter Krens | +44 207 186 9030 |
| OTC Markets | |
| Jonathan Dickson
| +44 204 526 4581
+44 7731 815 896 |
| Tancredi Intelligent Communication UK & Europe Media Relations | |
| Emma Valgimigli Emma Hodges Salamander Davoudi
| +44 7727 180 873 +44 7861 995 628 +44 7957 549 906
|
About Argo:
Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF.
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