Argo Blockchain Q1 Net Income Plunges 90% $2.1 Million

• Argo cited, among different factors, a alteration successful just worth of integer currencies, with bitcoin priced successful the $40,000 scope for overmuch of Q1 compared with astir $60,000 successful the aforesaid play a twelvemonth earlier.

• The London-based and lone bitcoin miner listed connected the London Stock Exchange (LSE) saw its gross summation by 9% from a twelvemonth agone to £14.9 million. This is attributed to a maturation successful the firm's hashrate passim 2021, Argo announced Tuesday.

• Argo mined 470 bitcoin and bitcoin equivalents compared to 387 successful the aforesaid play a twelvemonth ago.

• As of the extremity of Q1, Argo was hodling 2,700 bitcoin and bitcoin equivalents.

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