Bitmain CEO to Join Huobi Chain

The older sister of Facebook founder Mark Zuckerberg joined the expert advisory committee Huobi Chain too
27 August 2018   1438

Randy Zuckerberg currently also holds the post of head of the content company Zuckerberg Media, founded by her five years ago.

It is reported that an expert commission of eight participants should become the brain center of the blockchain company. The team will also help the participants of the Huobi Chain Superhero Championship, launched a little more than two months ago and designed to increase community involvement in the development of the public blockchain Huobi Chain.

At the same time, the investor and bitcoin enthusiast Jeffrey Wernick and the head of the mining giant Bitmain Jihan Wu were on the list of experts.

Note that at the dawn of Facebook, Randy Zuckerberg took an active part in the development of social networks. She acted as an official representative of the company, and then took up the post of director of marketing.

Largest social network Facebook launched its own blockchain unit in May this year. The head of the department is David Marcus, who transferred to this position from the post of vice-president for the development of Facebook Messenger.

Argo to Report on Mining Profitability Increase in Q2

It was also reported that by the end of June, company owns about £ 3 million in crypto assets, which is 7.7% higher than expected
03 July 2019   239

The British mining company Argo Blockchain published a financial report for the second quarter of 2019, according to which its revenues increased significantly in the second quarter, exceeding its own expectations.

So, in comparison with the previous report, published in early June, the income from mining Argo Blockchain increased by 24%. The increase in profitability from mining at the same time turned out to be proportional to the increase in the Bitcoin price observed during the recent period.

The Company now expects to generate 161 BTC, or GBP1.38m of cryptoassets, in June based on a BTC price of $10,817.16 USD as of 30 June 2019. This is an increase of approximately 101% from the Company's May mining results and represents a mining margin of roughly 81%. The Company considers that this demonstrates that the Company is one of the most efficient miners in the market.

Argo Blockchain Team

Argo Blockchain also said that as of the end of June, the company owns about £ 3 million in cryptocurrency assets, which is 7.7% higher than expected.

Also Argo Blockchain intends to expand its activities. In particular, the company plans to deploy another 2500 miners in Quebec by the end of the third quarter, which is also expected to significantly increase revenues.

Our better-than-expected mining performance reflects both improving industry conditions as well as Argo's business strategy, which has enabled it to rapidly ramp up operations and thereby take full advantage of the upturn. As a result, we enter the third quarter with a strong momentum to deliver further growth and improving mining efficiency.

Mike Edwards

Executive chairman, Argo

It should be noted Argo Blockchain was the first cryptocurrency company, the placement of shares of which was approved by the London Stock Exchange last June.