In November, Argo Blockchain’s revenue rose 15%, to £8.29 million (~$11.2 million). For the month, the mining company mined 185 BTC, or their equivalents, according to the report published on the website of the LSE report.
For comparison: in October the company generated 167 BTC, and its revenue amounted to £7.24 million (~$9.75 million).
Profit from mining operations also rose 15%, to £7.13 million (~$9.63 million). The production margin remained unchanged — 86%.
Year-to-date production totaled 1,831 BTC. As of the end of the month Argo Blockchain held 2,317 BTC (~$119.25 million at the time of writing) on its balance sheet.
In November, the company increased the total computational capacity of its facilities by 310 PH/s, bringing the figure to 1,605 EH/s.
Argo Blockchain’s shares trade on the LSE (ticker ARB); in September it received an additional listing on Nasdaq for American depositary receipts (ADRs).
Since the LSE trading session opened on December 7, ARB’s quotes have risen almost 6%, to around $1.53 per share. In pre-market trading in the United States the ADR price fell by nearly 12%, to $13.52.
In November, Argo Blockchain announced its intention to raise $57.5 million through a US debt offering.
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