Mining Firm Argo Blockchain Mines 162 BTC in February

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Argo Blockchain miners earned $3.76 million in February, a 7% increase from January. The hashrate remained at 2.5 EH/s.

The company CEO Seif El-Bakly has expressed pride in the team for maintaining the daily production despite the increasing complexity of the network. The company owns a total of 101 BTC, excluding the 162 BTC mined in February.

Following the release of the report, the company’s stock price increased by 2.45% to $1.67. Additionally, Marathon Digital announced the sale of 650 BTC to cover costs while mining 683 BTC and increasing their hashrate to 9.5 EH/s.

Mining companies reportedly earned a total of $627.4 million in February, a 4% increase from January.