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

The company mined 185 bitcoins or bitcoins equivalent during the month, bringing its 2021 total to 1,831.

Dec 7, 2021 at 11:09 a.m. UTC
Updated Dec 7, 2021 at 10:21 p.m. UTC

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

  • The London-based company mined 185 bitcoins “or bitcoins 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 petahashes per second to 1.605 exahashes per second as of Nov. 30. Petahash and exahash are measures of computing power.
  • 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.

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Jamie Crawley is a CoinDesk news reporter based in London.

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