US Marshals to Sell 2170 BTCs

The price of sale is unknown, but their average market value was about $ 18.7 million
23 March 2018   1640

The US Federal Marshals Service conducted another auction, during which 2,170.7 bitcoins were sold. As noted by the representative of the department, most of the lots, 2100 BTC, was bought by one of the participants, reports CoinDesk.

It is unknown on which rate bitcoins were sold, but at the time of publication, their average market value was about $ 18.7 million. In total, 42 buyers participated in the auction.

Recall, the auction was announced on March 6. As it was reported then, it was planned to auction 14 individual lots for the auction: two for 500 BTC, eleven for 100 BTC and one for 70 BTC.

The origin of most confiscated bitcoins is indicated on the official website of the department. Some coins are associated with the case of former US Secret Service agent Sean Bridges, who was sentenced to imprisonment for stealing bitcoins during the investigation of the DarkNet Market.

Argo Blockchain to Report on x10 Revenue Increase

For the 2019, the company received Bitcoin mining revenue of £ 8.5 million, in 2018 it was £ 760,000
20 January 2020   97

Bitcoin mining company Argo Blockchain said this Monday that its revenue from its core business in 2019 increased 10 times. According to a press release on the website of the London Stock Exchange (LSE), where Argo shares are traded, for the first full year in business, the company received revenue of £ 8.5 million compared to £ 760,000 in 2018.

Argo listing on the main LSE market took place in August 2018. The data presented were not audited - the reports after the audit will be available in April.

The company clarifies that in the fourth quarter of 2019, it mined 432 bitcoins, which is six bitcoins higher than in the third quarter. However, in the last quarter, the company's revenue fell to £ 2.66 million, while in the third quarter it was £ 3.63 million.

Our mining operations continued to generate industry-best mining margin in the last quarter despite a softening in market conditions from the previous quarter. Our state-of-the-art mining platform is performing as expected and with the expansion of our mining network on pace, along with the recent rise with the price of Bitcoin, Argo is well-placed for a strong year ahead.

 

Peter Wall

Argo Blockchain CEO

 The company is increasing mining capacity in anticipation of halving and currently has 13,364 devices, including 6,375 Bitmain Antminer T17s, which were installed on January 1. By the end of the quarter, Argo intends to add another 3,625 of the same miners. It is estimated that with a full set of 17,000 devices, its computing capacity will exceed 650 petaheches.