![What Is Asset Tokenization? Types, Why It Matters Now [2025]](https://coininsights.com/wp-content/uploads/2025/05/asset_tokenization-360x180.png)
The drop in the price of Bitcoin at the beginning of the year led to a publicly listed miner, Argo Blockchain (NASDAQ: ARBK), reporting a reduction in cryptocurrency mining. Specifically, the company mined 124 Bitcoin in January, a decrease of 20% from December 2023.
The company generated mining revenue of $5.3 million in January 2024, 19% less than the $6.6 million in December 2023. The decline in revenue correlated with the decrease in Bitcoin production.
Argo’s CEO, Thomas Chippas, noted that the lower Bitcoin output reflects a retreat of transaction fees. “Our Bitcoin production decreased in January as transaction fees retreated from the temporary spike we saw in December.”
He also explained that curtailments of facilities in Quebec and Texas due to winter weather served as a reminder that Bitcoin mining can quickly adjust power usage to assist grid stability during extreme conditions.
Looking at the historical results from 2023, it is evident that the mining level at the beginning of 2024 is one of the weakest in recent times. Mining below the level of 125 Bitcoins only occurred once over the past year, in August 2023, when the BTC price hit its holiday lows and mining revenues were reduced to $2.9 million.
Argo Bids Farewall to the COO, Secures £7.8M in Funding
In addition, Argo Blockchain has undergone significant leadership changes. The Chief Operating Officer, Seif El-Bakly, stepped down from his role after serving as the Interim Chief Executive Officer from February to November 2023. The company thanked El-Bakly for his contributions and leadership over the past year.
With El-Bakly’s departure, the operations team will continue under the guidance of the Chief Strategy Officer, Sebastien Chalus, who has been leading operations since February 2023. Argo Blockchain issued 1,973,892 new ordinary shares to El-Bakly as part of a separation agreement.
In a separate capital raising move, Argo Blockchain secured £7.8 million ($9.9 million) through share placement to institutional investors. The company issued 38,064,000 new ordinary shares priced at £0.205 per share, representing a small discount to the 30-day average price. The funds will provide working capital, facilitate debt repayment, and support general corporate purposes. This capital injection positions Argo Blockchain for continued operational stability and future growth.
Excellent items from you, man. I’ve consider your stuff prior to and you’re just extremely magnificent. I actually like what you’ve got here, really like what you’re stating and the way in which during which you are saying it. You make it enjoyable and you still take care of to keep it sensible. I can not wait to learn far more from you. This is really a great website.
Hi my friend! I wish to say that this article is amazing, nice written and include almost all vital infos. I’d like to see more posts like this.
My partner and I stumbled over here coming from a different page and thought I may as well check things out. I like what I see so now i’m following you. Look forward to checking out your web page repeatedly.
Este site é realmente fabuloso. Sempre que consigo acessar eu encontro coisas incríveis Você também vai querer acessar o nosso site e saber mais detalhes! conteúdo único. Venha saber mais agora! 🙂
clomid prescription uk cost of cheap clomid prices where to buy cheap clomid without dr prescription where to get clomiphene no prescription buy cheap clomid no prescription can i purchase clomid without insurance clomid cost australia
This is the amicable of topic I get high on reading.
Greetings! Utter gainful recommendation within this article! It’s the crumb changes which liking turn the largest changes. Thanks a quantity towards sharing!
buy zithromax online – sumycin 500mg ca buy metronidazole 400mg pills
rybelsus 14 mg uk – oral cyproheptadine 4mg buy cyproheptadine 4mg generic
order domperidone sale – domperidone ca flexeril over the counter