Peter Wall, the CEO of Argo Blockchain, has agreed to be paid in Bitcoin henceforth
() has been burning the (figurative) midnight oil, mining 129 Bitcoin (or equal) in February, up from 93 in January.
Based mostly on day by day international change charges and cryptocurrency costs throughout the month, mining income in February amounted to £4.34mln, in comparison with January’s £2.48mln.
Argo generated this revenue at a median month-to-month mining margin of about 81% for the month of February (January 2021: 71%), the cryptocurrency miner instructed buyers.
On the finish of February, the corporate held 599 Bitcoin + Bitcoin equal.
The corporate’s whole mining capability stands at 1,075 petahash (a quadrillion hashes per second, with a hash being a number-crunching algorithm that generates an alphanumeric string).
“I am delighted that Argo has adopted up with one other file month in each mining income and earnings. A mining margin of 81% is totally superb, and we proceed so as to add to our BTC HODL [holding of Bitcoin + equivalent],” stated Peter Wall, the chief government officer (CEO) of Argo.
“I am additionally happy to be the primary publicly-traded firm that we all know of to have their CEO paid in Bitcoin,” he added.