U.K.-based block reward miner Argo Blockchain Plc is mining 545% more BTC than in 2019, with profits up 280%.
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.
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.
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.
The London Stock Exchange is looking into blockchain use cases that could increase transparency for financial markets.
Invesco, an investment management company, launched the first blockchain ETF on the London Stock Exchange on Monday.
Nivaura's platform allows for automatic settlement, either within existing clearance systems, or as tokens written to the blockchain.
Cryptocurrency mining company Argo Blockchain PLC is now listed on the London Stock Exchange (LSE). And on its first trading day, the company already sold 156.25 million shares at 16 pence each for a total of $32 million, which means Argo now has a baseline valuation of $61 million.