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Blockchain & Crypto

Argo Blockchain generated £5.5mln Bitcoin mining revenue in September

It mined 165 Bitcoins and ended September with 1,836 Bitcoins

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) mined 165 Bitcoins (or Bitcoin equivalents) in September, taking its tally for the year to date to 1,479 Bitcoins.

Mining revenue amounted to £5.5mln in the month, the company said, and it made a £4.6mln mining profit.

The company noted that it maintained consistent mining margins despite increases in network difficulty since July.

Argo ended September holding 1,836 Bitcoins. It mined 165 coins in the month versus 206 coins in the previous month.

Bitcoin traded between around US$47,300 and US$43,700 through September, and in October to date the price has jumped to around US$54,000.