Crypto miner Argo Blockchain mined 124 Bitcoins (or Bitcoin BTC -0.13% equivalents) in May, down from 166 Bitcoins in April 2022.
Argo Blockchain explained that on the one hand, the difficulty of Bitcoin mining has increased, and other factors include that the computing power on Terra Pool generates much lower Bitcoin than in previous months, and the high temperature in Texas has led to increased energy demand and electricity prices.
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As of May 31, 2022, Argo Blockchain held a total of 2,379 Bitcoins, of which 187 were Bitcoin equivalents.
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