Argo’s revenue from mining in the first half of the year was $32.5 million, down 14% from the same period last year, mainly due to lower bitcoin prices and an increase in the global hashrate and associated network difficulty. Adjusted EBITDA for the first half of 2022 fell 28% from the year-ago level to $20.9 million.
Bitcoin Miner Argo Cuts Year-End Hashrate View Citing Delayed Intel Mining Rigs
