Argo Blockchain (NASDAQ: ARBK), the London-based bitcoin miner that recently started trading on Nasdaq, achieved record revenue of $26 million in the third quarter, according to its earnings statement.
- The company holds 1,836 BTC as of Sept. 30 and has a hashrate of 1.075 exahashes per second (EH/s). Argo mined 597 BTC during the quarter.
- Argo expects its previously contracted purchase of 20,000 Bitmain Antminer S19J Pro machines to be delivered starting in the second quarter of 2022, which will bring the company’s total hashrate capacity to approximately 3.7 EH/s.
- “I am proud of the growth we experienced during the quarter and believe Argo is strategically positioned to continue this momentum as we build out our Helios facility in Texas,” CEO Peter Wall said.
- Argo Blockchain is the only crypto miner listed on the London Stock Exchange, and its American depositary shares started trading on the Nasdaq Global Market in September.
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