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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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