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ARB Argo Blockchain Plc

11.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Argo Blockchain Plc LSE:ARB London Ordinary Share GB00BZ15CS02 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 11.25 11.00 11.50 11.25 11.25 11.25 598,963 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 47.36M -194.23M -0.3628 -0.31 60.22M

Argo Blockchain PLC April Operational Update (3314X)

04/05/2021 7:00am

UK Regulatory


Argo Blockchain (LSE:ARB)
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From May 2019 to May 2024

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TIDMARB

RNS Number : 3314X

Argo Blockchain PLC

04 May 2021

Press Release

04 May 2021

Argo Blockchain PLC

('Argo' or 'the Company')

April Operational Update

Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB), is pleased to provide the following operational update for April.

During the month of April, Argo mined 163 Bitcoin or Bitcoin Equivalent (together, "BTC") compared to 165 BTC in March.

Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in April amounted to GBP6.70 million (March 2021: GBP6.57 million). Argo generated this income at an average monthly mining margin of approximately 85% for the month of April (March 2021: 84%).

At the end of April, the company held 936 BTC or Bitcoin Equivalent.

Peter Wall, Chief Executive of Argo, said: "I'm thrilled that Argo has generated a fourth consecutive month of record mining revenue and profits. I'm also pleased to have engaged Navier in the development of our Texas facility, a partnership that will enable us to expand our mining infrastructure significantly and efficiently. I am also delighted to have announced the second year of triple digit growth in our 2020 full year results. Our team has laid an excellent foundation for 2021 and our strong performance in Q1 of this year highlights we are executing it in line with expectations."

For further information please contact:

 
 Argo Blockchain 
 Peter Wall                            via Tancredi +44 203 434 2334 
  Chief Executive 
  Ian MacLeod 
  Executive Chairman 
                                      ------------------------------ 
 finnCap Ltd 
                                      ------------------------------ 
 Corporate Finance 
  Jonny Franklin-Adams 
  Tim Harper 
 
  Corporate Broking 
 
  Sunila de Silva                      +44 207 220 0500 
                                      ------------------------------ 
 Tennyson Securities 
                                      ------------------------------ 
 Peter Krens                           +44 207 186 9030 
                                      ------------------------------ 
 OTC Markets 
                                      ------------------------------ 
                                       +44 204 526 4581 
 Jonathan Dickson 
  jonathan@otcmarkets.com               +44 7731 815 896 
                                      ------------------------------ 
 Tancredi Intelligent Communication 
  UK & Europe Media Relations 
                                      ------------------------------ 
 Emma Valgimigli 
  Emma Hodges                          +44 7727 180 873 
  Salamander Davoudi                    +44 7861 995 628 
  argoblock@tancredigroup.com           +44 7957 549 906 
                                      ------------------------------ 
 

About Argo Blockchain Plc

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.

For more information on Argo Blockchain visit: www.argoblockchain.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDSSDFADEFSEII

(END) Dow Jones Newswires

May 04, 2021 02:00 ET (06:00 GMT)

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