Crypto mining company ARGO BLOCKCHAIN announced its financial performance report for the fiscal year 2023, which includes the following highlights:
- Mined 1,760 bitcoins, generating a revenue of $50.6 million.
- Obtained $7.2 million worth of electricity credits in Texas.
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached $8.3 million, with a mining profit margin of 43%.
- Reduced debt by $13 million, with an additional $12 million debt repayment scheduled for the first quarter of 2024.