Argo Blockchain August Revenue $2.3M, Mines 104 BTC/BCE
Ticker: ARBK · Form: 6-K · Filed: Sep 5, 2024 · CIK: 1841675
| Field | Detail |
|---|---|
| Company | Argo Blockchain PLC (ARBK) |
| Form Type | 6-K |
| Filed Date | Sep 5, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $2.3 million, $3.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: operations-update, mining, revenue, bitcoin
TL;DR
Argo Blockchain pulled in $2.3M in August, mining 104 BTC/BCE. Keep an eye on that average revenue per BTC.
AI Summary
Argo Blockchain plc reported its August 2024 operational update on September 5, 2024. The company generated $2.3 million in revenue from its cryptocurrency mining operations. Argo mined 104 Bitcoin (BTC) and Bitcoin Equivalent (BCE) in August, with a total of 1,176 BTC/BCE mined year-to-date. The company's average revenue per Bitcoin mined was approximately $22,115.
Why It Matters
This update provides insight into Argo Blockchain's monthly revenue and mining performance, which are key indicators of its financial health and operational efficiency in the volatile cryptocurrency market.
Risk Assessment
Risk Level: medium — The company operates in the highly volatile cryptocurrency market, and its financial performance is directly tied to fluctuating Bitcoin prices and operational costs.
Key Numbers
- $2.3M — August Revenue (Generated from cryptocurrency mining operations.)
- 104 — BTC/BCE Mined in August (Represents the company's mining output for the month.)
- 1,176 — BTC/BCE Mined Year-to-Date (Cumulative mining performance for the year.)
- $22,115 — Average Revenue per BTC (Indicates the realized price per Bitcoin mined.)
Key Players & Entities
- Argo Blockchain plc (company) — Registrant
- $2.3 million (dollar_amount) — August revenue
- 104 (dollar_amount) — Bitcoin (BTC) and Bitcoin Equivalent (BCE) mined in August
- 1,176 (dollar_amount) — BTC/BCE mined year-to-date
- $22,115 (dollar_amount) — Average revenue per Bitcoin mined
- September 5, 2024 (date) — Filing date
FAQ
What was Argo Blockchain's total revenue for August 2024?
Argo Blockchain generated $2.3 million in revenue for August 2024.
How many Bitcoin and Bitcoin Equivalent (BCE) did Argo Blockchain mine in August 2024?
Argo Blockchain mined 104 Bitcoin (BTC) and Bitcoin Equivalent (BCE) in August 2024.
What is the year-to-date total of Bitcoin and Bitcoin Equivalent (BCE) mined by Argo Blockchain?
Argo Blockchain has mined a total of 1,176 BTC/BCE year-to-date.
What was the average revenue per Bitcoin mined by Argo Blockchain in August 2024?
The average revenue per Bitcoin mined by Argo Blockchain in August 2024 was approximately $22,115.
When was this operational update filed with the SEC?
This operational update was filed with the SEC on September 5, 2024.
Filing Stats: 767 words · 3 min read · ~3 pages · Grade level 11.9 · Accepted 2024-09-05 06:10:38
Key Financial Figures
- $2.3 million — ning revenue in August 2024 amounted to $2.3 million down from $3.0 million in July 2024. Mi
- $3.0 million — 2024 amounted to $2.3 million down from $3.0 million in July 2024. Mining margin for August
Filing Documents
- argoblockchainplc6k.htm (6-K) — 36KB
- 0001654954-24-011513.txt ( ) — 37KB
SIGNATURES
SIGNATURES   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.      Date: 05 September, 2024 ARGO BLOCKCHAIN PLC   By: /s/ Jim MacCallum Name: Jim MacCallum Title: Chief Financial Officer