April Operational Update

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 £6.70 million (March 2021: £6.57 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 Chief Executive Ian MacLeod Executive Chairman	via Tancredi [phone]
finnCap Ltd
Corporate Finance Jonny Franklin-Adams Tim Harper  Corporate Broking Sunila de Silva	[phone]
Tennyson Securities
Peter  Krens	[phone]
OTC Markets
Jonathan Dickson [e-mail]	[phone] [phone]
Tancredi Intelligent Communication UK & Europe Media Relations
Emma Valgimigli Emma Hodges Salamander Davoudi [e-mail]	[phone] [phone] [phone]

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  

 

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