Crypto mining company Argo mined 1,760 bitcoins last year and earned $50.6 million

Crypto mining company Argo Blockchain has released its 2023 financial year performance report, which includes:

·Mining 1,760 bitcoins in 2023, generating revenue of $50.6 million;

·Obtaining $7.2 million worth of electricity credits in Texas;

·EBITDA of $8.3 million, with a mining profit margin of 43%;

Reducing debt by $13 million, with an additional $12 million debt repayment in Q1 2024.