As revealed recently, Argo Blockchain PLC is currently exploring a potential secondary listing on the Nasdaq market. However, the exact timings and terms of the listing have not been decided within the company nor it has yet been decided that its occurrence is confirmed.
The deliberation escorted an update for the performance of the crypto miner for the month of June, in which it was reported that it had extracted 167 Bitcoin over the month, which is more than the total BTC extracted in the month of May, 166.
Talking about the total revenue generated this month, it stands at 4.3 million Euros as compared to 5.51 million Euros in the month of May.
Discussing further the average monthly mining margin for the month of June, it stands at 78%.
Peter Wall, the Chief Executive of Argo Blockchain released a statement mentioning the reduction in mining difficulty in the month of June and said:
It is because as the price of Bitcoin plunges, the hash rate drops with it. Moreover, along with the hash rate, it can be witnessed that the difficulty level in Bitcoin mining also drops.
Well, it won’t be wrong to say that the crypto crackdown in China has a decent role to play in this situation.
In addition to this, Wall emphasized the plan of a secondary listing on the stock exchange and said: