Argo Blockchain has a record month
Bitcoin mining specialist sees its shares rise strongly on record monthly revenue - look out for some meaningful broker upgrades!
In its latest operational update, Argo Blockchain (LON:ARB), the cryptocurrency miner, reported record February revenue of £4.34m from mining 129 BTC (93 in January) at an exceptional mining margin of 81% (71% in January). Our earlier Premium commentary ‘Argo Blockchain: Brilliant or just plain crazy?’ provides an in-depth look at this highly unusual company which is capturing plenty of interest. The addition of 1,295 new mining machines at the end of January, combined with excellent February mining conditions, where the average Bitcoin price increased to c$46k in February from c$35k in January, offered the desired boost. At the end of February, the…