Argo increases Bitcoin production despite BTC difficulty growth
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Publicly-listed Bitcoin (
As previously reported, Argo Blockchain sold its flagship mining facility Helios to Mike Novogratz’s crypto investment firm Galaxy Digital amid the tough crypto market of 2022. Despite continuing to mine using Galaxy’s facility, Argo saw its BTC production drop after the sale. Months before the transaction, Argo’s monthly BTC mining generated more than 200 BTC.
Argo is not the only mining firm that seems unaffected by the BTC difficulty spike in February, with other miners like Cipher Mining producing 16% more Bitcoin over January. Marathon Digital also increased its average daily Bitcoin produced by 10% compared to January.
