Crypto Miner Argo Blockchain Mined 129 Bitcoins in July 2023

Argo Blockchain PLC, a leading global cryptocurrency miner listed on both the London Stock Exchange (LSE:ARB) and NASDAQ (NASDAQ:ARBK), has released its operational update for July 2023. The company reported mining 129 Bitcoin or Bitcoin Equivalents (BTC), averaging 4.2 BTC per day. This represents an 11% decrease from the daily average of 4.6 BTC in June 2023, primarily due to increased downtime at the Helios facility caused by weather-related curtailment and onsite construction.

Despite the decrease in BTC production, Argo Blockchain’s mining revenue for July remained stable at $3.87 million, closely mirroring the $3.84 million generated in June 2023. As of July 31, 2023, the company held 46 BTC.

Argo Blockchain also reported the installation and energization of 1,242 BlockMiner machines at its Quebec facilities in July, adding approximately 130 PH/s to its total hashrate capacity, which now stands at around 2.6 EH/s. The company anticipates the deployment of an additional 1,628 BlockMiners in the coming months.

Seif El-Bakly, Argo’s interim Chief Executive Officer, expressed satisfaction with the company’s growth in hashrate capacity and the successful deployment of the BlockMiner machines. He also highlighted the benefits of the company’s economic curtailment programs, which contribute to the stability of the Texas grid during peak demand periods while simultaneously reducing total power costs.

Argo Blockchain PLC, headquartered in London, UK, operates large-scale cryptocurrency mining facilities in Quebec and Texas. The company, which became the first climate-positive cryptocurrency mining company in 2021, is committed to sustainable operations predominantly powered by renewable energy.

Image source: Shutterstock

Source

Tagged : / / / / /

BitKeep Wallet Surpasses 10 Million Users

Decentralized multichain digital wallet solution BitKeep Wallet has announced that it has surpassed 10 million users as of April. The platform has seen tremendous growth in recent months, with over 560,000 new users onboarded in March alone. This growth can be attributed to the success of BitKeep’s campaigns with popular blockchains like Arbitrum and Sui.

The recent Arbitrum campaign was a significant contributor to BitKeep’s surge in user numbers. The campaign involved the successful launch of ARBK, which recorded 708,800 on-chain transactions and was airdropped to over 100,000 users participating in campaign-related tasks and activities. ARBK was exchangeable for ARB, the official native token of the Arbitrum chain, and ranked first on Arbitrum’s ecosystem popularity chart with 150,000 token-holding addresses and an interaction volume of 330,000.

In light of BitKeep’s recent success, cryptocurrency derivatives exchange Bitget has invested $30 million into the platform. As a result of the investment, BitKeep will be rebranded as Bitget Wallet, but will continue to function as an independent entity both operationally and structurally. BitKeep will focus on building its ecosystem and independent tokenomics while protecting the rights and interests of existing BitKeepers and BKB holders during the transition process.

BitKeep Wallet’s success can be attributed to its multichain digital wallet solution, which allows users to manage their digital assets across various blockchains seamlessly. BitKeep currently supports over 20 public chains, including Ethereum, Binance Smart Chain, Polkadot, and more. This versatility has made BitKeep an attractive option for many crypto investors and traders looking for a user-friendly and secure wallet solution.

In addition to its digital wallet offering, BitKeep has also launched BitKeep Defi, a decentralized finance platform that allows users to access a variety of DeFi services, including staking, lending, borrowing, and more. BitKeep Defi aims to create a more accessible and user-friendly DeFi ecosystem, making it easier for everyday users to participate in the world of decentralized finance.

The investment from Bitget will enable BitKeep to continue to innovate and expand its offerings, providing users with even more options for managing their digital assets. The rebranding to Bitget Wallet will also help to solidify BitKeep’s position as a leading player in the digital wallet space, with a focus on providing users with a seamless and secure experience across multiple blockchains.

In conclusion, BitKeep Wallet’s recent announcement of surpassing 10 million users and the investment from Bitget marks a significant milestone for the platform. With its user-friendly multichain digital wallet solution and BitKeep Defi platform, BitKeep is well-positioned to continue its growth and innovation in the crypto space.

Source

Tagged : / / / / / /
Bitcoin (BTC) $ 43,150.56 1.45%
Ethereum (ETH) $ 2,325.20 0.94%
Litecoin (LTC) $ 76.58 1.05%
Bitcoin Cash (BCH) $ 248.33 2.18%