Bitcoin
$48,018.84+0.70%
Ethereum
$3,421.31-0.04%
XRP
$1.08+0.12%
Cardano
$2.37-0.01%
Polkadot
$34.15+1.26%
Stellar
$0.323300+0.92%
Dogecoin
$0.240591-0.43%
Chainlink
$28.12+0.19%
Uniswap
$24.37-0.82%
Polygon
$1.37-2.19%
Litecoin
$180.59-0.44%
Bitcoin Cash
$639.77+2.11%
Algorand
$2.06+5.47%
Cosmos
$40.01+18.21%
Wrapped Bitcoin
$48,099.96+0.80%
Filecoin
$83.70-2.14%
The Graph
$0.827124-0.04%
Tron
$0.104914-1.35%
Ethereum Classic
$56.72+0.15%
Aave
$351.80-1.34%
Tezos
$6.49+5.82%
EOS
$5.37+3.18%
NEO
$49.36+0.80%
Monero
$270.63+1.95%
IOTA
$1.62-3.65%
BitTorrent
$0.003924-0.53%
Bitcoin SV
$159.48+1.08%
Waves
$28.66-1.02%
Maker
$2,819.88+0.71%
Dash
$198.37-2.29%
Decred
$140.93-4.00%
Decentraland
$0.817544-0.64%
ICON
$1.89-1.39%
NEM
$0.183408+0.12%
Zcash
$138.64+2.48%
Qtum
$12.47-0.39%
NuCypher
$0.331050-2.03%
Bitcoin Gold
$65.92+0.10%
Yearn Finance
$33,822.77+1.10%
OmiseGO
$8.68+2.26%
Basic Attention Token
$0.748021-0.83%
0x
$1.11+2.36%
Paxos Standard
$0.999993-0.05%
Ren
$0.957372-10.04%
Fetch.ai
$0.829430-4.69%
Bancor
$4.05-0.37%
Band Protocol
$9.24+1.04%
Siacoin
$0.018862+2.61%
Kava.io
$6.20+0.01%
Nano
$5.53-0.04%
Loopring
$0.459464+0.39%
Storj
$1.38+0.71%
Civic
$0.525135-2.45%
Lisk
$3.62+2.81%
Numeraire
$45.60+2.51%
Orchid
$0.373706+2.79%
PAX Gold
$1,770.39+0.25%
Augur
$26.11+0.12%
Aragon
$6.49+11.27%
Enzyme
$122.23+8.24%
district0x
$0.176519+1.73%
Kyber Network
$1.80-1.26%
SingularDTV
$0.001463-2.18%
Tether
$1.00+0.01%
USD Coin
$1.00-0.00%
Dai
$1.00-0.03%

Argo Blockchain's Bitcoin Holding Passes 1,000

May revenue fell to $7.8 million, 16% less than the month before.

Jun 3, 2021 at 2:20 p.m. UTC
Updated Sep 14, 2021 at 1:05 p.m. UTC

Argo Blockchain said it mined 166 bitcoin last month, taking its total beyond 1,000.

  • The May figure compares with 163 in April, the London Stock Exchange-listed company said Thursday.
  • Even so, mining revenue fell to $7.8 million, 16% less than the month before, because of the sharp decline in bitcoin's value.
  • The firm also announced its execution of a Grid Interconnection Agreement with the Wind Energy Transmission of Texas (WETT) and American Electric Power (AEP) for 200 MW at Argo's mining facility in the Lone Star State.
  • The facility is expected to connect to the Electric Reliability Council of Texas (ERCOT), an organization that manages the state's electric grid, in first-quarter 2022.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...