Argo Blockchain (NASDAQ:ARBK), a publicly-listed crypto mining company, published its December 2022 operational update on Wednesday, showing a significantly lower Bitcoin (BTC) production amidst the mining operations halt at the Texan mine.
According to Argo's trading update, the company minded 147 Bitcoins during the month of December, compared to 198 BTC produced a month earlier. Seasonal conditions triggered the slump of 35% month over month (MoM): the miner halted its operations at the Helios facility in Dickens County, Texas, due to the severe winter that hit the United States and caused additional load on the electric network.
(By Damian Chmiel)
All Comments