Argo Blockchain PLC – ADR ARBK Shares have fallen after the company announced its December operational update.
What happened?
Argo said it mined 147 Bitcoins or Bitcoin equivalents during December, compared to 198 BTC in November 2022.
As part of a press release on Wednesday, Argo Blockchain said the decline in mined BTC was largely due to a reduction in mining operations at its Helios facility in Dickens County, Texas, which will affect much of the United States in the second half of the year. It said it was in response to the widespread winter storms it inflicted. December.
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According to Argo, as of the end of December 2022, the company has 141 bitcoins, of which 116 are equivalent to bitcoins. The company’s total hashrate capacity remains at 2.5 EH/s.
ARBK has a 52-week high of $12.50 and a 52-week low of $0.36, according to Benzinga Pro data.
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