Argo Blockchain Reports December Bitcoin Production And Ends Custody Agreement

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Resumen de IA

Argo Blockchain's consistent Bitcoin production and the termination of its custody agreement suggest a focus on operational efficiency and cost optimization, potentially improving profitability in the long term.

According to Odaily, Nasdaq-listed mining company Argo Blockchain has released its operational update for December. The report reveals that the company mined 39 Bitcoins during the month, generating approximately $3.9 million in revenue, which translates to a daily production of 1.3 Bitcoins. This output is consistent with the production levels reported in November. Additionally, Argo Blockchain announced the conclusion of its custody agreement with Galaxy on December 28, 2024.