Argo Blockchain Diversifies with a Strategic Stake in DeFi VC and Incubator
Argo leads investment in Pluto Digital Assets and posts its most successful month in revenue to date Argo, the leading, publicly-traded cryptocurrency miner based in the UK (LSE: ARB), announced its most successful month of revenue and profit, alongside a major step in diversifying Argo s position in broader decentralized finance (DeFi), with a 25% stake in the crypto venture capital and technology company, Pluto Digital Assets PLC.
In January, Argo mined 93 Bitcoin or Bitcoin Equivalent, which amounts to £2.48 million in mining revenue, based on daily foreign exchange rates and cryptocurrency prices. Argo generated this income at an average monthly mining margin of approximately 71%. At the end of the month, the company held 501 BTC in Bitcoin and BTC equivalents. In the second half of January, the Company purchased a total of 172.5 BTC as part of its asset management strategy. Argo s total mining c
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