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Argo Blockchain reports 180% revenue increase in first half of the year

Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, FRA:0XP) (LON:ARB) (OTCQX:ARBKF) CEO Peter Wall tells Proactive long-term profitability and sustainability is paramount for the group, as it reports a profit surge in its first half as a boom in Bitcoin prices and an expansion of its crypto mining operations lifted revenues.

Wall says the crypto miner reported a pre-tax profit of £10.7mln, up from £0.5mln in the prior year, while revenues surged 180% to £31.1mln, reflecting the company’s increase in production as well as the rise in Bitcoin prices over the period.

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Price: 127.4 GBX

Market Cap: £486.45 m

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