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Cryptocurrencies: 28644
Markets: 116584
Cryptocurrencies: 28644
Markets: 116584
Market Cap: $2,436,697,908,746     
24h Vol: $109,845,975,901
Seeking Alpha 2023-02-08 10:45:47

Argo Blockchain's bitcoin production grows 14% in January

Argo Blockchain's bitcoin production grows 14% in January
Argo Blockchain ( NASDAQ: ARBK ) mined 168 bitcoin or bitcoin equivalents in January 2023, up 14% compared to 147 BTC mined in December 2022. The monthly growth was primarily due to fewer curtailment hours in January compared to December, partially offset by higher network difficulty, which on average, was 3% higher in January than in the prior month. As of 31 January 2023, the company held 115 bitcoin or bitcoin equivalents. Its total hashrate capacity continues to be 2.5 EH/s. Additionally, the bitcoin miner refuted all allegations brought against it in a class action lawsuit filed in the Eastern District of New York on January 26, 2023. The case, Murphy vs Argo Blockchain plc et al, is related to 'misleading' U.S. IPO. Shares of the company fell around 10% in Wednesday's premarket session
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