on Argo Blockchain PLC (LON:ARB)
Argo Blockchain PLC Announces April 2024 Operational Results and Equity Awards
Argo Blockchain PLC, a key player in the cryptocurrency mining industry, released its operational results for April 2024. The London-based company reported that it mined 99 Bitcoin in April, maintaining a daily production rate of 3.3 Bitcoin, unchanged from March 2024, in spite of the mid-April Bitcoin halving. The company’s mining revenue for April was $6.6 million, reflecting a 6% decrease from March’s $7.0 million.
Additionally, on 9 March 2024, Argo Blockchain granted equity awards to certain employees under its 2022 Equity Incentive Plan. The company issued 7,372,184 Restricted Stock Units (RSUs) and 172,867 Performance Stock Units (PSUs), both vesting over a three-year period. The first vesting occurs six months after the grant, with subsequent vesting quarterly, contingent upon continued employment and, for PSUs, satisfaction of performance conditions.
R. H.
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