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In November, Argo Blockchain revenue grew 15% to £ 8.29 million (~ $ 11.2 million). During the month, the mining company mined 185 BTC or their equivalents, according to a report published on the LSE website.
For comparison: in October, the company generated 167 BTC, and its revenue was £ 7.24 million (~ $ 9.75 million).
Profit from mining operations also increased by 15%, to £ 7.13 million (~ $ 9.63 million). The production margin remained unchanged at 86%.
Since the beginning of the year, the volume of production amounted to 1,831 BTC. At the end of the month, Argo Blockchain had 2,317 BTC on its balance sheet (~ 119.25 million at the time of writing).
In November, the company increased the total computing power of its facilities by 310 PH / s, bringing the figure to 1605 EH / s.
Argo Blockchain is listed on the LSE (ticker ARB) and received an additional listing on the Nasdaq in September for American Depositary Receipts (ADR).
Since the opening of the LSE trading session on December 7, ARB quotes have grown by almost 6%, to ~ $ 1.53 per share. At the premarket in the US, the ADR price fell by almost 12% to $ 13.52.
Data: Google.
Recall that in November, Argo Blockchain announced its intention to raise $ 57.5 million through the placement of debt securities in the United States.
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