Argo blockchain plc announces interim half year results 2022

Argo blockchain plc ("argo" or "the group") interim half year results 2022 london, uk / accesswire / august 24, 2022 / argo blockchain plc, a global leader in cryptocurrency mining (lse:arb)(nasdaq:arbk), is pleased to announce its results for the six months to 30 june 2022. financial highlights ● total number of bitcoin and bitcoin equivalent ("btc") mined during h1 2022 was 939, a 6% increase over the btc mined in h1 2021 ● revenues of £26.7 million ($32.5 million), a decrease of 14% from h1 2021, driven primarily by a decrease in bitcoin price and an increase in the global hashrate and associated network difficulty level ● adjusted ebitda of £17.1 million ($20.9 million), a decrease of 28% from h1 2021 ● mining margin of 71%, down from 81% in h1 2021.
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