Argo Blockchain Reports Drop in Bitcoin Production, Shares Decline 7.81%
According to CryptoPotato, Argo Blockchain PLC, a London-based cryptocurrency miner, announced a decrease in Bitcoin production for January, resulting in a 7.81% decline in its shares. The company attributed the drop in mining output to a 20% decline in daily production compared to December, primarily driven by a 16% drop in Bitcoin-denominated hashprice. Argo Blockchain’s shares were down by 7.81% to 14.75 pence each in London on Monday, February 5.