Argo Blockchain’s Mining Revenue Increased 15% in November as It Added Capacity

Argo Blockchain’s bitcoin mining revenue increased about 15% to £8.29 million ($11 million) in November from October as it increased mining capacity.

The London-based company mined 185 bitcoin “or bitcoin equivalent,” up from 167 in October.Its total production for 2021 is 1,831, the company announced Tuesday.Mining profit also rose about 15%, hitting £7.13 million ($9.63 million).Mining capacity grew by 310 petahash per second to 1.605 exahash per second as of end-November.Argo Blockchain (LSE: ARB, NASDAQ: ARBK) is the only crypto miner listed on the London Stock Exchange. It started trading on the Nasdaq Global Market in September. The London shares were trading about 5% higher at publication time.

Read more: Argo Blockchain Achieves Record Revenue in Third Quarter

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