The British mining company Argo Blockchain mined 918 bitcoins in the first quarter of 2020. This was double thethe indicator of the previous quarter was a record for the company.
In March, the company mined 333.8 BTC, and in February - 337.5 BTC.
For the quarter, Argo received £ 6 million ($ 7.67 million) in revenue, based on the average cryptocurrency exchange rate. Mining profitability was 42%.
At the beginning of the year, the company increased its capacityimmediately by 185% to 630 PH / s. Now Argo expects delivery of another 1000 units of Antminer S17 + from Bitmain. It is assumed that they will be launched in late April. After that, the mining capacity will increase by another 10% and reached 730 PH / s.
The company emphasized that the COVID-19 pandemic did not affect its data centers for bitcoin mining, which are located in Canada.
«Argo management and staff are working remotely, and all mining facilities are operating as usual»,- says the press release.
Earlier, the Canadian company Hut 8 Mining Corp reported a 66% increase in bitcoin mining revenue in 2019 compared to the previous year, with a yield of 45%.
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