Argo Blockchain PLC, a global leader in cryptocurrency mining, released its operational update for April 2024. The company mined 99 Bitcoin, maintaining a daily production of 3.3 Bitcoin despite the Bitcoin halving on April 19, 2024. Mining revenue for April 2024 amounted to $6.6 million, a 6% decrease from the prior month. As of April 30, 2024, the company held digital assets worth the equivalent of 12 Bitcoin.
In addition, on March 9, 2024, Argo Blockchain granted 7,372,184 Restricted Stock Units (RSUs) and 172,867 Performance Stock Units (PSUs) to certain employees in accordance with the 2022 Equity Incentive Plan. Both the RSUs and PSUs vest over a three-year period, with the first vesting occurring six months from the date of grant and subsequent vesting at a rate of 3/36th per quarter, subject to the continued employment of the grantee and satisfaction of performance conditions.
This announcement contains inside information. For further information, Argo Blockchain can be contacted through the provided channels.
About Argo Blockchain: Argo Blockchain PLC is a global leader in cryptocurrency mining.
For further information please contact:
Argo Blockchain
Investor Relations
[email protected]
Tennyson Securities
Corporate Broker Peter Krens
+44 207 186 9030
Fortified Securities
Joint Broker Guy Wheatley, CFA
+44 74930989014
[email protected]
Tancredi Intelligent Communication
UK & Europe Media Relations
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