Crypto mining company Argo Blockchain released its 2023 fiscal year performance report, including:
1,760 bitcoins mined in 2023, generating revenue of $50.6 million;
received $7.2 million in electricity credits in Texas;
EBITDA (adjusted earnings before interest, taxes, depreciation and amortization) was $8.3 million, with a mining profit margin of 43%;
Debt was reduced by $13 million, with an additional $12 million of debt repayment to be made in the first quarter of 2024. #DYOR42711