Argo Blockchain Provides July Operational Update | Company

LONDON – (BUSINESS WIRE) – August 3, 2021–

Argo Blockchain plc (LSE: ARB; OTCQX: ARBKF), (“Argo” or the “Company”), a global leader in sustainable blockchain infrastructure and cryptocurrency mining, is pleased to provide the next operational update for July.

During the month of July, Argo mined 225 Bitcoin or Bitcoin Equivalent (together, BTC) against 167 BTC in June. This brings the total amount of BTC mined to date to 1,108 BTC.

Based on daily exchange rates and cryptocurrency prices during the month, mining revenue in July was £ 5.60 $ 7.79 million (June 2021: $ 6.05 million) . Argo generated this income with an average monthly mining margin of around 83% for the month of July (June 2021: 78%).

At the end of July, the Company held 1,496 Bitcoin or BTC equivalents.

Peter Wall, CEO of Argo, said: “I am delighted that we were able to capitalize on the reduction in the global hash rate and mining difficulties this month to deliver these results with an impressive margin. We are also delighted to have paved the way for settling in Texas and are excited about the opportunities this development offers by allowing us to exercise greater control over our mining operations, continue to use renewable energy and to work with the local community in Texas. to implement positive change.

This announcement contains inside information.

About Argo

Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, United Kingdom, and its shares are listed on the main market of the London Stock Exchange under the symbol: ARB and on the OTCQX Best Market in the United States under the symbol: ARBKF.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210803005372/en/

CONTACT: Carissa Felger / Geneviève Pirrong

Gasthalter & Cie.

(212) 257-4170

KEYWORD: EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA TEXAS

INDUSTRY KEYWORD: FINANCE PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES OTHER TECHNOLOGY TECHNOLOGY

SOURCE: Argo Blockchain plc

Copyright Business Wire 2021.

PUB: 03/08/2021 8:00 a.m. / DISC: 03/08/2021 8:02 a.m.

http://www.businesswire.com/news/home/20210803005372/en

Copyright Business Wire 2021.

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