London-based crypto miner ArgoBlockchain slumped to a full-year loss in 2022 as the price of bitcoin fell while mining difficulty increased. sheldonreback reports.
Argo Blockchain , the only U.K.-listed cryptocurrency miner, slumped to a full-year loss in 2022 as the price of bitcoin fell and mining difficulty increased, driving up costs.of 194.2 million British pounds compared with net income of 30.8 million pounds the year before, it said in a statement. The bitcoin price slumped more than 60% last year.facility in Dickens Country, Texas, to Galaxy Digital for $65 million.
"Having navigated challenging market conditions in both the crypto sector and the global economy in the second half of 2022, Argo has emerged stronger and in a much more solid financial position," interim CEO Seif El-Bakly said in the statement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin price slumps after unconfirmed rumored US government dumpThe price of the biggest cryptocurrency slumped after what appeared to be a US government dump of bitcoin.
Read more »
Wolfspeed stock slumps as revenue forecast disappoints after new factory opensWolfspeed shares declined more than 5% in after-hours trading Wednesday, as the silicon-carbide chip maker projected disappointing revenue figures.
Read more »
Yen slumps after BOJ maintains ultra-low rates; dollar headed for monthly lossThe Japanese yen fell on Friday after the Bank of Japan (BOJ) left its ultra-easy monetary policy unchanged even as it scrapped a pledge to keep interest rates low, while the U.S. dollar was on track for a second straight monthly loss.
Read more »
Venom's Public Testnet Launch Brings Scalable and Licensed Blockchain Solutions to Abu Dhabi Global | HackerNoonVenom, the first licenced blockchain in the Abu Dhabi Global Market, has debuted its public testnet. - blockchain technology
Read more »
Blockchain features on WEF whitepaper as a tool to fight climate changeThe WEF whitepaper noted that blockchain can improve market transparency and credibility when it comes to climate action.
Read more »
Bitcoin Mempool Overwhelmed With 134,000 Unconfirmed Transactions Amid Price Volatility – Blockchain Bitcoin NewsAs of writing, 134,986 unconfirmed transactions await confirmation, and Bitcoin block times are lingering above the usual ten-minute mark.
Read more »