Peter Wall, the CEO of Argo Blockchain, has agreed to be paid in Bitcoin henceforth () has been burning the (figurative) midnight oil, mining 129
Peter Wall, the CEO of Argo Blockchain, has agreed to be paid in Bitcoin henceforth
() has been burning the (figurative) midnight oil, mining 129 Bitcoin (or equal) in February, up from 93 in January.
Primarily based on every day overseas change charges and cryptocurrency costs through the month, mining income in February amounted to £4.34mln, in comparison with January’s £2.48mln.
Argo generated this revenue at a mean month-to-month mining margin of about 81% for the month of February (January 2021: 71%), the cryptocurrency miner informed traders.
On the finish of February, the corporate held 599 Bitcoin + Bitcoin equal.
The corporate’s complete mining capability stands at 1,075 petahash (a quadrillion hashes per second, with a hash being a number-crunching algorithm that generates an alphanumeric string).
“I am delighted that Argo has adopted up with one other report month in each mining income and income. A mining margin of 81% is completely superb, and we proceed so as to add to our BTC HODL [holding of Bitcoin + equivalent],” mentioned Peter Wall, chief government (CEO) of Argo.
“I am additionally happy to be the primary publicly-traded firm that we all know of to have their CEO paid in Bitcoin,” he added.