Argo Blockchain's June Bitcoin Mining Report Out

<h1 class="d-none">Argo Blockchain June Bitcoin Mining Report: Resilience in Volatility</h1> <h2 class="d-none">Steady Mining Amidst Bitcoin&#039;s Market Challenges</h2> Argo Blockchain June Bitcoin Mining Report: Resilience in Volatility

In June 2024, Argo Blockchain successfully mined 44 BTC, which translated into a significant revenue of $2.9 million.

Argo Blockchain reported mining margins of around 30%, which is a healthy profit margin in the mining industry.

There was no significant change in Argo Blockchain's mining output from May to June 2024, indicating stability in mining operations.

The Bitcoin halving event on April 20, 2024, halved the block reward for miners by 50% and impacted Argo’s mining operations.

When compared to Metaplanet which holds 141 BTC and MicroStrategy holds 226,331 BTC, Argo Blockchain holds 11 BTC.

The price of Bitcoin experienced a notable decline of 6.02% in a single day, standing at $53,919.46.

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