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Argo Blockchain Sees Revenue Rise Ten-Fold to $11 Million in 2019

Argo Blockchain, the first cryptocurrency mining firm to be listed on the London Stock Exchange (LSE), has seen its revenue rise ten-fold last year to $11 million.


According to a report published by ProactiveInvestors, Argo Blockchain managed to bring in as much as £8.5 million ($11 million) last year, up from £760,000 ($987,200) in 2018, when the cryptocurrency space dealt with a year-long bear market.


In the fourth quarter of last year, Argo reportedly managed to mine a total of 432 BTC, while in the third it managed to mine 426. During the second half of 2019 bitcoin dropped from its $13,000 year and, as a result, the firm’s revenues dropped. The decline in revenue was also related to increased mining difficulty, the firm added. Read More...

Argo Blockchain Sees Revenue Rise Ten-Fold to $11 Million in 2019
Argo Sees Revenue Rise

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