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(, , ) has reported a sharp jump in the number of Bitcoin acquired in July amid a decline in the mining difficulty on the digital currency’s blockchain network.
In a monthly update, the crypto miner reported that it had mined 225 Bitcoin or equivalent (BTC) in July, up from 167 BTC in June, taking the total mined in the year-to-date to 1,108 BTC.
Revenue for the month, meanwhile, amounted to £5.6mln compared to £4.36mln in June, while the group’s average monthly mining margin increased to 83% from 78%.
At the end of July, Argo said it owned 1,496 BTC.
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