Argo Blockchain PLC’s (LON:ARB) Peter Wall catches up with Proactive London’s Katie Pilbeam after swinging into revenue in 2020 with a surge in revenues.
In its outcomes for the yr to December 31, 2020, the corporate reported a web revenue of £1.7mln in comparison with a £0.7mln loss in 2019 as revenues jumped 120% to £19mln.
Chatting with Pilbeam, Wall says ‘the objectives for us have been to be leaner and smarter and we have now accomplished each of these issues and put ourselves in a terrific place for 2021’.
The variety of Bitcoins mined throughout the yr additionally elevated 85% to 2,465 throughout the yr, he says ‘we’re enthusiastic about the place we’re and the place we’re going’.
Publish-period, Wall explains how all of its mining machines, together with these put in in January and February 2021, have achieved over 100% return on funding.