The company states: "During the month of March, Argo mined 161 Bitcoin or Bitcoin Equivalents, together, BTC, or 5.2 BTC per day. This is a decrease of 10% over the 5.7 BTC per day produced in February 2023. The primary driver of the decrease in daily BTC production was the increase in network difficulty. In March, the average network difficulty was 11% higher than in February. As of 31 March 2023, the Company held 85 Bitcoin or Bitcoin Equivalents. The Company’s total hashrate capacity continues to be 2.5 EH/s. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in March amounted to $4.05M."
Published first on TheFly
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