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Argo Blockchain Turns £194M in Loss as BTC Price Tumbled in 2022
Argo Blockchain (LSE: ARB; NASDAQ: ARBK) published its financials for 2022, ending the year with a revenue of £47.4 million ($58.6 million), which is a decrease of 36 percent. The figure declined due to a decline in Bitcoin price and an increase in the global hash rate. Argo Blockchain's 2022 Results The company mined 2,156 Bitcoins in 2022, which is a decrease of 5 percent, while its hash rate capacity increased 55 percent. At the end of the year, it held 141 Bitcoins, out of which 116 were Bit...
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Posted: Apr 28 2023, 08:58
Author Name: financemagnates
Views: 081958