UK Bitcoin Mining Firm’s Revenue Jumps 75% despite Bearish Q3UK Bitcoin Mining Firm’s Revenue Jumps 75% despite Bearish Q3

As of September 26, the amount of computing power involved in validating and adding transactions on the Bitcoin blockchain had hit above 108.48 trillion hash per second. Against the dwindling prices, the bitcoin network remained attractive to miners. Argo’s decision to expand its mining rigs further came on expectations of a bitcoin price recovery, especially ahead of the next year’s halvening event, which would slash the cryptocurrency’s supply rate by half.