.ArgoBlockchain the only LSE-listed bitcoin miner, mined 124 bitcoin or bitcoin equivalents in May, a 25% decline compared with the 166 mined in April. By JamieCrawleyCD
In addition, high temperatures in the state saw increased energy demand and higher electricity prices, so Argo voluntarily curtailed reduced its energy usage there curtailing mining operations."The company's hashrate on Terra Pool produced substantially lower bitcoin than in previous months, primarily due to short-term probabilistic outcomes. The company continues to explore all options to optimize its hashrate across alternative pools," Argo added.
Argo reported mining revenue for May of just under £3.1 million . For April it reported £5.52 million.
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