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29 April 2021
Blockchain PLC's (LON:ARB) Peter Wall catches up with Proactive London's Katie Pilbeam after swinging into profit in 2020 with a surge in revenues. xxxxxx
In its results for the year to December 31, 2020, the company reported a net profit of £1.7mln compared to a £0.7mln loss in 2019 as revenues jumped 120% to £19mln.
Speaking to Pilbeam, Wall says 'the goals for us were to be leaner and smarter and we've now done both of those things and put ourselves in a great place for 2021'.
The number of Bitcoins mined during the year also increased 85% to 2,465 during the year, he says 'we're excited about where we are and where we're going'.
Post-period, Wall explains how all of its mining machines, including those installed in January and February 2021, have achieved over 100% return on investment.
Argo Blockchain plc, together with its subsidiary, Argo Blockchain Canada Holdings Inc., engages in the crypto asset mining services worldwide. More Details ..
Argo Blockchain PLC (ARB) Stock Analysis ... - Morningstar
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