Argo Blockchain report ‘best in class’ results with focus on ‘growing

‘s () Peter Wall catches up with Proactive London’s Katie Pilbeam after swinging into profit in 2020 with a surge in revenues.

In its results for the year to December 31, 2020, the company reported a net profit of £1.7mln compared to a £0.7mln loss in 2019 as revenues jumped 120% to £19mln.

Speaking to Pilbeam, Wall says ‘the goals for us were to be leaner and smarter and we’ve now done both of those things and put ourselves in a great place for 2021’.

The number of Bitcoins mined during the year also increased 85% to 2,465 during the year, he says ‘we’re excited about where we are and where we’re going’.

Post-period, Wall explains how all of its mining machines, including those installed in January and February 2021, have achieved over 100% return on investment.