Ad Bitcoin (BTC) miner Argo said it mined 162 BTC or its equivalents in February, equating to 5.7 BTC per day, according to a March 7 operational update. The firm stated that its daily BTC production increased 7% to 5.7 BTC per day from a daily 5.4 BTC recorded in January. Argo added that it…
As rumors about Argo’s possible bankruptcy continue to spread, more information about what caused the company’s troubles are unraveling. The U.S.-based Bitcoin mining company has seen its shares plummet in the second half of the year as it struggled to keep a positive cash flow. In October, Argo failed to secure a $27 million strategic…
Argo Blockchain, one of the largest public Bitcoin mining companies on the market, is facing a cash shortage that could force it to shut down in the near future. According to an October 31 press release, the company failed to secure a $27 million strategic investment that was supposed to improve its liquidity position. The…