Argo Blockchain mined 206 bitcoin in August

Argo Blockchain (OTCQX:ARBKF) mined 206 Bitcoin or Bitcoin Equivalent August compared to 225 BTC in July taking the total amount of BTC mined YTD to 1,314 BTC. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in August amounted to $9.43M which was generated at an average monthly mining margin of ~86%. Under its asset management strategy and due to positive market conditions, Argo sold 61 BTC at an average price of $48,726/BTC, generating cash of $2.95M. As of August-end, the company owns 1,659 Bitcoin or BTC equivalent.