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Top Wall Street Bitcoin Miners Report August Dip as Digital Gold Rush Slows
- Major publicly traded Bitcoin mining companies reported decreased production in August compared to July.
- Factors including increased network difficulty and power costs contributed to the decline.
Thursday, 05/09/2024 | 07:45 GMT by
Damian Chmiel
This Wall Street Bitcoin Company Mines Revenue despite Bitcoin Drought
- Although the number of mined cryptos fell almost 50%, Argo Blockchain reported an 18% revenue increase in H1 2024.
- However, the net loss was further deepened by loan repayments and impairment on mining rigs.
Wednesday, 28/08/2024 | 07:10 GMT by
Damian Chmiel
This Wall Street Bitcoin Miner Paid Off Its Massive Debt 18M before the Initial Deadline
- Argo Blockchain has fully repaid its $35 million loan from Galaxy Digital ahead of schedule.
- The loan saved the BTC miner from potential bankruptcy at the end of 2022.
Monday, 12/08/2024 | 07:00 GMT by
Damian Chmiel
Crypto Miner Sells Data Center for $6.1M as Its Shares Plunge 55% in 2024
- Argo Blockchain closes Mirabel's sale and reduces debt by $12.4 million.
- However, its shares on the LSE and NASDAQ are experiencing the most pronounced decline within the crypto industry.
Thursday, 28/03/2024 | 08:33 GMT by
Damian Chmiel
Argo Blockchain Reports $8.7m Net Loss in Q1 2023 amid Revenue Growth and Cost Reductions
- The publicly-listed miner reported increased revenue and cost reductions in Q1 2023.
- However, the quarter did not prove profitable with a net loss of almost $9 million.
Tuesday, 06/06/2023 | 08:10 GMT by
Damian Chmiel
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