Argo Blockchain plc, a global leader in cryptocurrency mining, has announced its operational update for July 2023. During the month, the company mined 129 Bitcoin or Bitcoin Equivalents, which is a decrease of 11% from the previous month due to greater downtime at Helios from weather-related curtailment and onsite construction. The mining revenue for July was $3.87 million, similar to the previous month. As of 31 July 2023, the company held 46 BTC.
Additionally, the company installed and energized 1,242 BlockMiner machines, representing approximately 130 PH/s, at its Quebec facilities, bringing its total hashrate capacity to approximately 2.6 EH/s. The company expects to receive and deploy the remaining 1,628 BlockMiners in the coming months.
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