05 May Argo Blockchain PLC reports triple-digit rise in amount of Bitcoin mined in early 2020, …
The cryptocurrency miner said that its mining capacity has increased by 244% from the end of last year
() said it mined 1,237 Bitcoin in the first four months of 2020, a 122% increase over the previous four months.
In an update for April, the cryptocurrency miner also said that over the last month it has installed 1,000 Bitmain Antminer S17+ mining machines, taking its total capacity to around 18,000 machines, a 244% increase in power from the end of last year.
WATCH: Argo Blockchain has built ‘efficient mining infrastructure for the future’ as revenues rocket
In April itself, Argo said it mined 319.2 Bitcoin, down from 333.8 in March. The firm also reported revenues from its mining activities of £1.8mln, flat month-on-month, while mining margins declined to slightly to 39% from 42%.
The company said mining conditions had been “slightly harder” in April due to algorithmic difficulty increasing twice over the course of the month.
New CFO
Argo also announced that its…