Blockchain reported a significant increase in mining profitability in 2019.
Blockchain has published a financial report for the second quarter of 2019, according to which its results in the second row have grown significantly, exceeding their own expectations.
So, in comparison with the previous report, mining revenues from Argo Blockchain increased by 24%. Revenues from mining at the same time proved to be proportional.
“The company expects to receive 161 BTC or 1.38 million pounds from its activities in June based on the price in Bitcoins in the amount of 10,817 US dollars as of June 30, 2019. This is about 101% higher than the results shown in May, and corresponds to a mining margin of about 81%, ”the document says.
Argo Blockchain also announced that as of the end of June, the company owns about £ 3 million in cryptoactive assets, which is 7.7% higher than expected.
Argo Blockchain also intends to register its activities. In particular, it is expected that income will also increase significantly.