Michael Sushin
Shares of Argo Blockchain PLC fell Wednesday after the company announced that bitcoin mining was down in December due to winter storms in the United States.
Shares of 0909 GMT fell one pence, or 9.8%, to 9.25 pence.
The London-listed cryptocurrency mining firm said it had mined 147 bitcoins or equivalents in December, down from 198 in November.
As of December 31, it held 141 Bitcoins, of which 116 Bitcoins were equivalent. Based on the daily forex rates and cryptocurrency prices for the month, mining revenue reached his $2.9 million in December, down from his $3.46 million in November.
However, total losses narrowed from $1.7 million to $847,000.
Please contact Michael Susin at michael.susin@wsj.com.
