Argo Blockchain Reports Consistent Mining Production and Revenue in June 2024

Argo Blockchain, a global leader in cryptocurrency mining, has released its operational update for June 2024, showcasing consistent mining production and revenue. The company mined 44 Bitcoin or Bitcoin Equivalents (BTC) during the month, averaging 1.5 BTC per day, which is in line with May’s production levels.

In terms of revenue, Argo Blockchain generated $2.9 million in mining revenue for June 2024, mirroring the previous month’s earnings. The company also maintained a mining margin of approximately 30% throughout June.

As of June 30, 2024, Argo Blockchain held 11 BTC equivalent in its portfolio. The company’s mining operations are powered predominantly by renewable energy, aligning with its commitment to sustainability. Argo became the first climate positive cryptocurrency mining company in 2021 and is a signatory to the Crypto Climate Accord.

Argo Blockchain operates mining facilities in Quebec, with mining operations in Texas, and maintains offices in the US, Canada, and the UK. The company’s global presence enables it to leverage diverse resources and establish a robust and sustainable mining infrastructure.

For further information, please contact Argo Blockchain’s Investor Relations at ir@argoblockchain.com. Tennyson Securities serves as the company’s Corporate Broker, and Fortified Securities acts as the Joint Broker. Media inquiries can be directed to Tancredi Intelligent Communication for UK and Europe at argoblock@tancredigroup.com.

Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) is a dual-listed blockchain technology company that focuses on large-scale cryptocurrency mining. With its commitment to renewable energy and global operations, Argo aims to contribute to the growth and development of the cryptocurrency industry.

For more information about Argo Blockchain and its operations, please visit www.argoblockchain.com.

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