Report: Crypto mining company Argo mined 1,760 bitcoins last year, generating $50.6 million in revenue
ChainCatcher news, the encrypted mining company Argo Blockchain released its fiscal year 2023 performance report, which includes:
In 2023, mined 1,760 bitcoins, achieving a revenue of $50.6 million;
Obtained $7.2 million in power credits in Texas;
EBITDA of $8.3 million, with a mining profit margin of 43%;
Reduced debt by $13 million, with an additional $12 million to be repaid in the first quarter of 2024.
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