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120% revenue and 5 times EBITDA growth delivers first annual profit
Argo Blockchain Plc, a global leader in cryptocurrency mining (LSE: ARB), is pleased to announce its audited results for the year ended 31 December 2020.
Financial
Revenue increased by 120% to £19.0m (2019: £8.6m)
Total number of Bitcoins mined rose from 1,330 in 2019 to 2,465 in 2020, an 85% increase in annual production
Mining margin 41% (2019: 60%) despite challenging market conditions, including Bitcoin halving in May 2020 and the global impact of the COVID-19 pandemic
Administrative expenses were reduced by £1.1m to £2.4m as a result of series of cost reduction efforts
Achieved EBITDA of £7.9m in 2020 compared with EBITDA of £1.4m in 2019
Diversified Gas & Oil PLC Announces Trading Statement and Cancellation of Warrants
BIRMINGHAM, AL / ACCESSWIRE / January 27, 2021 / London LSE-quoted Diversified Gas & Oil PLC (OTCQX:DGOCF) (LSE:DGOC) ( DGO or the Company ) is pleased to announce the following operations and trading update confirming 2020 results are in line with market expectations. DGO also announces that it will release its 2020 full-year results and host an investor call on March 8, 2021, as more fully detailed below.
Highlights
Record full-year average daily production of ~100 Mboepd, up 18% vs. 2019
Full-year average daily production from Legacy Assets of ~69 Mboepd, consistent with 2019 as Smarter Asset Management continues to offset natural declines within the portfolio