Bitcoin miner Argo saw a 291% revenue increase in 2021

Bitcoin miner Argo’s revenue grew by 291% to a total of $100.1 million in 2021 compared to the previous year, the company announced Thursday.

Argo credited the results to a “significant increase” in hashrate, the “temporary drop in difficulty on the Bitcoin network” and higher bitcoin prices in 2021.

In 2021, Argo mined a total of 2,045 bitcoin — a 17% drop compared to the previous year, which the firm attributed to the block reward halving in 2020.

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