British cryptocurrency mining company Argo Blockchain mined 147 BTC in December, down from 198 BTC in November, a drop of 25.75%.
According to the company, this reduction is due to adverse weather conditions in the United States. Recall that due to a storm that hit several regions of the country, many mining companies temporarily disconnected their devices to participate in balancing the power grid.
As a result, Helios' flagship data center reduced its consumption by about 1,500 MWh during the last month of last year.
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Argo's monthly mining revenues amounted to $2.49 million with a margin of 48%, up from November's figures of $3.46 million and 29%, respectively.
The company signed an agreement in late December with Galaxy Digital Holdings, owned by Mike Novogratz, to sell Helios for $65 million and refinance $35 million of existing loans.