U.K.-based block reward miner Argo Blockchain Plc is mining 545% more BTC than in 2019, with profits up 280%.
England is looking into digital currencies, India to explore blockchain in securities and Turkish city developing digital currency and more in this week’s edition
Nasdaq has issued a warning to Golden Bull Ltd, a P2P lending marketplace-cum-crypto miner for not submitting its financial statements for a six-month period.
Argo Blockchain revealed that it would increase its mining capacity by 75% in the coming week and by over 200% in Q1 of this year. It also named a new CEO.
Peter Wall, vice president of operations at Argo Blockchain, shares his thoughts on what the crypto mining industry can expect in 2020.
The London-listed cryptocurrency mining company said it would now purchase 10,000 Antminer T17s, rather than the 500 AntMiner S17s originally planned.
Argo Blockchain, the first crypto mining company to list on the London Stock Exchange, posted revenues of £3.6 million ($4.42 million) in the period to September 30.
The new hardware takes the total number of mining rigs controlled by Argo Blockchain to 6,000, with plans to acquire a further 6,000 machines over the next two quarters.
The London-listed cryptocurrency mining firm has seen an improvement in mining yields, benefiting from the effects of increasing its capacity.
London-listed Argo Blockchain PLC expects that its Q2 results will benefit from the positive trends across the board in cryptocurrency markets.
Argo Blockchain, the London-listed cryptocurrency mining company, has invested in 1,000 new miners in a bid to shore up its ailing financial performance.