Argo Blockchain mines the crypto vein amid market boom


() has reported higher revenues in April as the firm continued to mine Bitcoin and saw its margins widen slightly.

In a monthly update, the crypto miner reported revenues of £6.70mln in April, up from £6.57mln in March, with an average monthly margin of around 85%.

The group also reported that it had mined 163 Bitcoin or Bitcoin equivalent (BTC) over the month compared with 165 BTC in March. At the end of April, the company said it held 936 BTC and equivalents.

“I’m thrilled that Argo has generated a fourth consecutive month of record mining revenue and profits. I’m also pleased to have engaged Navier in the development of our Texas facility, a partnership that will enable us to expand our mining infrastructure significantly and efficiently,” Argo chief executive Peter Wall said in a statement.

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