Argo Blockchain Produces 167 Bitcoin In October 2021

Argo Blockchain Plc (Nasdaq: ARBK) reported today its operational updates for the month of October 2021. The crypto firm produced 167 bitcoin for the month, marginally up from 165 bitcoin produced in September.

The monthly production is roughly valued at US$11.0 million as of the time of writing. This also brings total bitcoin mined year-to-date to 1,646 bitcoin, which is approximately US$108.3 million in value.

At the end of the month, the firm held a total of 2,128 bitcoin, roughly US$140.0 million in value. It also revealed that it has added an additional 220 PH/s to its total capacity, bringing its hashrate to 1.295 EH/s.

The firm, which is also publicly listed in the London Stock Exchange, just recently went public on the Nasdaq Global Select Market.

Argo Blockchain last traded at US$17.49 on the Nasdaq.

Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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