Argo Blockchain Achieves Record Revenue in Third Quarter

Argo Blockchain Achieves Record Revenue in Third Quarter
Argo Blockchain (NASDAQ: ARBK), the London-based miner that recently started trading on Nasdaq, achieved record revenue of $26 million in the third quarter, according to its earnings statement.The miner had record Ebitda of $26 million for the third quarter and gross margin was 120%. Meanwhile, its mining margin reached 85% during the quarter. On Oct. 7, the miner said it had a gross margin of 145% and mining margin of 86% during August.The company holds 1,836 bitcoin as of Sept. 30 and has a hashrate of 1.075 EH/s.Argo expects its previously contracted purchase of 20,000 Bitmain Antminer S19J Pro machines…