StockMarketWire.com - Cryptocurrency mining company Argo Blockchain reported a monthly rise in revenue following a rise in output and prices in July.

During the month of July, Argo mined 225 BTC compared to 167 BTC in June, bringing the total amount of BTC mined year-to-date to 1,108 BTC.

Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in July amounted to £5.60 million, up from £4.36 million in June.

The average monthly mining margin was approximately 83% for the month of July, up from 78%.

At the end of July, the company owned 1,496 Bitcoin or BTC equivalent.


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