Bitcoin Miner Argo Blockchain Reports Steady Performance in July 2024

Argo Blockchain PLC has today released its July 2024 operational update, reporting the mining of 48 BTC, maintaining an average of 1.5 BTC per day, consistent with June 2024. The company generated $3 million in mining revenue, with a mining margin in the mid-20% range, slightly lower than the previous month due to a lower hash price realized in July. As of July 31, 2024, Argo held 11 BTC equivalent. Argo Blockchain is a dual-listed (LSE: ARB; NASDAQ: ARBK) public company, with mining operations predominantly powered by renewable energy. This update highlights Argo’s steady performance in the cryptocurrency mining sector.