2020-1-20 13:10 |
For its first full year of operations, Argo says it generated just over $11 million in revenue
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The chip-making heavyweight's first customers for bitcoin mining ICs were Argo Blockchain, Hive Blockchain, Block and Griid Infrastructure.
Argo Blockchain PLC announced that Peter Wall, the company's Chief Executive Officer, and Interim Chairman would resign after three years of service.
Major cryptocurrency mining company Argo Blockchain has won back compliance with Nasdaq Listing Rule.
Argo Blockchain mined 25% less bitcoin than anticipated in December due to the firm's decision to curtail mining operations at Helios amid a Texas storm.
Argo reported it had an outstanding balance of $22 million on a loan from Galaxy Digital, from which it secured BTC-backed loan agreements in 2021.
The company expects a hash rate of 5.5 EH/s by the end of 2022, anticipating that access to an additional 600 MW of power capacity "in the coming years" will produce 20 EH/s.
Shares of the mining firm beat out BP and Lloyds Banking Group to become one of the stocks most actively traded by Fidelity customers in 2021.