Argo Blockchain PLC, a London-listed cryptocurrency miner, mined 162 bitcoin or bitcoin equivalents in February. This is a 7% daily increase compared to December 2022, despite a 10% increase in average network difficulty in February compared to the previous month. As of 28 February 2023, the company held 101 bitcoin or bitcoin equivalents. Argo’s mining revenue in February amounted to US$3.76mln (£3.09mln), compared to US$3.42mln (£2.8mln) in January.
Argo’s hashrate continues to be 5.3 exohashes per second. Argo’s interim CEO Seif El-Bakly expressed pride in the team’s efforts to increase bitcoin production and focus on operational excellence. Argo’s share price has seen a strong recovery, rising over 80% to 13.25p year to date.