Report: Crypto mining company Argo mined 1,760 bitcoins last year, generating $50.6 million in revenue

ChainCatcher news, the encrypted mining company Argo Blockchain released its fiscal year 2023 performance report, which includes:

In 2023, mined 1,760 bitcoins, achieving a revenue of $50.6 million;

Obtained $7.2 million in power credits in Texas;

EBITDA of $8.3 million, with a mining profit margin of 43%;

Reduced debt by $13 million, with an additional $12 million to be repaid in the first quarter of 2024.