Argo Blockchain’s Crypto Mining Margin Narrows to twenty% as Pure Gasoline Costs Soar

Argo Blockchain’s Crypto Mining Margin Narrows to twenty% as Pure Gasoline Costs Soar

by Jeremy

Rampant vitality prices on the facility, which makes use of electrical energy purchased on the spot market, have eaten into profitability this yr. The margin, which stood as excessive as 74% in January, had sunk to 37% by July. The corporate is making an attempt to safe a long-term, fixed-price energy buying settlement to decrease its publicity to volatility in vitality markets.

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