Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?

Crypto Mining

Bitcoin miner Argo’s revenue grew by 291% to a total of $100.1 million in 2021 compared to the previous year

Argo credited the results to a “significant increase” in hashrate, the “temporary drop in difficulty on the Bitcoin network” and higher bitcoin prices in 2021.

In 2021, Argo mined a total of 2,045 bitcoin — a 17% drop compared to the previous year, which the firm attributed to the block reward halving in 2020.

As per the announcement, the company’s mining margin was 84%, again largely due to Bitcoin price during the year, as well as the drop in hashrate globally following China’s crackdown.

The company shared a few other figures: EBITDA was $71.4 million (a 594% increase compared to the previous year), net income was $41.5 million (a 2,033% increase) and the company’s total cash and digital assets as of December 2021 were $124.9 million based on the bitcoin price at that time.

As of March 2022, Argo held 2,700 bitcoin and bitcoin equivalents, worth $122.9 million.

Argo is headquartered in London, UK and has two facilities in Quebec and another one in Texas



Worldwide music and entertainment giant Warner Music Group (WMG) has joined forces with OpenSea to introduce dedicated landing pages for their artists. The WMG roster will...


Though the recent months haven’t been very good for the crypto industry, this could not deter some crypto investors from being bullish about this...


The down-trending market that took its resistance from $1.35134 on the 10th of September did not go too far before it begins to face...

Crypto News

Robinhood, a leading investment app, has rolled out its newest product — a crypto wallet that charges zero transaction fees to its users. For...