Argo Blockchain’s Mining Revenue Increased 15% in November as It Added Capacity

Argo Blockchain’s bitcoin mining revenue increased about 15% to £8.29 million ($11 million) in November from October as it increased mining capacity.

  • The London-based company mined 185 bitcoin “or bitcoin equivalent,” up from 167 in October.
  • Its total production for 2021 is 1,831, the company announced Tuesday.
  • Mining profit also rose about 15%, hitting £7.13 million ($9.63 million).
  • Mining capacity grew by 310 petahash per second to 1.605 exahash per second as of end-November.
  • Argo Blockchain (LSE: ARB, NASDAQ: ARBK) is the only crypto miner listed on the London Stock Exchange. It started trading on the Nasdaq Global Market in September.
  • The London shares were trading about 5% higher at publication time.

Read more: Argo Blockchain Achieves Record Revenue in Third Quarter

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