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💡Information
The cryptocurrency mining company Argo Blockchain released its 23-year Q1 financial report, with revenue of US$11 million, a 15% increase from the previous quarter, and a net loss of US$8.7 million. As of the end of Q1, there was $14.2 million in cash and 85 bitcoins or bitcoin equivalents on the balance sheet. The total number of bitcoins mined in Q1 was 491.
It was previously reported that Argo Blockchain had a net loss of $240 million in 22 years, and its CEO Peter…