Argo Blockchain's December 2024 Update: Bitcoin Production & Revenue Growth Insights

Bitcoin Production:
Mined a total of 39 Bitcoin (BTC) during December, maintaining a production rate of 1.3 BTC per day, consistent with November.
Mining Revenue:
Total revenue from mining for December was $3.9 million, an increase from $3.4 million in November. The increase is attributed to higher hash price and BTC price realized during December.
Bitcoin Holdings:
As of December 31, 2024, the company held two BTC equivalent.

The company's hosting agreement with Galaxy concluded on December 28, 2024.
The 23,619 S19J Pros at Galaxy's site will undergo refurbishment to be utilized in an air-cooled facility.
Argo is evaluating alternative sites to relocate these machines.

The announcement contains inside information, highlighting the company's commitment to transparency.

Argo Blockchain's consistent production levels suggest stable operational capacity amid fluctuating market conditions.
The increase in revenue indicates effective management of mining operations and favorable market conditions for cryptocurrency prices.
The transition away from Galaxy's hosting facilities presents both a challenge and an opportunity for Argo, as they seek to optimize their operational setup.
The holding of only two BTC equivalent may indicate a liquidity strategy, potentially positioning the company for future investments or operational costs.