Argo Blockchain’s BTC Production in December Crippled by a Winter Storm
The miner produced only 147 BTC in December, compared to 198 BTC in November, because of the snow blizzard that hit Texas. Argo Blockchain – mined 147 BTC in December, roughly 25% less than the production levels registered in November.
The severe snow blizzard that impacted much of the States around Christmas prompted Argo Blockchain to join other Texas BTC miners in reducing electricity usage. With a diminished production power, the firm mined 147 bitcoin (worth approximately $2.6 million at current prices), compared to the 198 bitcoin in November. Argo Blockchain further revealed that it held 141 BTC as of the end of December 2022, its total debt stood at nearly $80 million, while its bank balance totaled around $20 million.
Source
https://t.me/DeFi_Ethereum
