Argo Blockchain said it mined 166 bitcoin last month, taking its total beyond 1,000.

  • The May figure compares with 163 in April, the London Stock Exchange-listed company said Thursday.

  • Even so, mining revenue fell to $7.8 million, 16% less than the month before, because of the sharp decline in bitcoin’s value.

  • The firm also announced its execution of a Grid Interconnection Agreement with the Wind Energy Transmission of Texas (WETT) and American Electric Power (AEP) for 200 MW at Argo’s mining facility in the Lone Star State.

  • The facility is expected to connect to the Electric Reliability Council of Texas (ERCOT), an organization that manages the state’s electric grid, in first-quarter 2022.

Related Stories

  • Gryphon Digital Mining to Become Publicly Traded on Nasdaq Via Merger With Sphere 3D

  • Bitcoin Price, Foreign ASIC Demand Drive Profitable Q1 for Miner Producer Canaan

  • Bitcoin Miner Marathon Will No Longer Censor Transactions, CEO Says

  • Crypto Long & Short: What I’ve Learned in the Past Five Years

(305) 707 0888