Argo Blockchain (NASDAQ:ARBK) mined 124 Bitcoin or Bitcoin Equivalent (together, BTC) in May 2022 compared to 166 BTC in April 2022. Based on daily foreign exchange rates and crypto rates, mining revenue stood at £3.07M (or $3.89M) compared to £5.52M (or $6.83M in prior month). The company generated this income at a bitcoin and bitcoin equivalent mining margin of ~62% compared to 75% in prior month, driven primarily by lower Bitcoin price and fewer BTC mined. As of May end, Argo owned 2,379 Bitcoin, of which 187 were BTC Equivalents.
