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Blockchain & Crypto

Argo Blockchain increased Bitcoin output and upped mining capacity in November

"Execute. Build. Smart Growth. Onwards and upwards," chief executive Peter Wall said

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP) told investors it mined 185 Bitcoins in the month of November, taking its tally of mined Bitcoins in 2021 to 1,831.

The company in a statement said it has retained and at the end of November held some 2,317 Bitcoins or equivalents.

It generated £8.29mln of mining revenue in the month, up from £7.24mln in October.

Argo highlighted that it continues to expand its mining capacity, at the end of November adding an additional 310 ‘petahash per second’ (PH/s) to take total capacity to 1.605 exahash per second (EH/s) by the end of the month.