.ArgoBlockchain said its bitcoin mining margin widened to 48% in December while production fell. egreechee reports.
The margin, a measure of profitability that isn't defined by international accounting standards and whose calculation may vary across companies, had sunk to as low as 20% in August from a 2022 high of 75% in April.
Argo's production fell 29% to 147 bitcoin for revenue of $2.49 million as the miner shut down operations during a storm in Texas. Bitcoin miners have been powering off at times of peak demand, like
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