Argo Increases Its Mining Volume in January

D

espite the increasing difficulty of bitcoin mining, Argo Blockchain managed to not only boost their daily mined bitcoins but also increase their overall revenue in February.

Just last month, the blockchain technology firm that is listed on two exchanges mined 162 bitcoins and equivalents - a substantial growth of 7%, amounting to 5.7 Bitcoin per day compared to January's average. Information about such was released in a statement from the company itself.

Looking at the daily international exchange rates and cryptocurrency values for February, Argo Mining's revenue surged to $3.76 million - a jump from January's total of $3.42 million.

Despite a significant increase in the monthly average difficulty of Bitcoin's network, Argo commented that it was still able to experience growth.

On February 28th, the company had in possession a total of 101 Bitcoins or their equivalent. Their hash rate capacity is still undiminished at 2.5 EH/s.

Jonathan

An editor at Coincrop

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Jonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.