Argo’s H1 Revenue Soars but Profits Drop as Bitcoin’s Halving Boosts Mining Costs

Argo’s H1 Revenue Soars but Profits Drop as Bitcoin’s Halving Boosts Mining Costs

(Shutterstock)

Argo Blockchain’s earnings look like a tale of two cities, with revenue almost quadrupling even as the arms race for ever-more powerful mining rigs caused pre-tax profits to slide 45%.

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