Argo Blockchain plc reported operating results for the month of September 2023. During the month of September, the Company mined 136 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 4.5 BTC per day, and accrued significant power credits from economic curtailment. The power credits reduce the Company's electricity costs, improve its mining margin, and increase its cash flow.

The 34% increase in BTC mined compared to August 2023 (3.4 BTC per day) is primarily due to fewer hours of curtailment at Helios in September. This increase in Bitcoin production was partially offset by a 4% increase in average network difficulty in September 2023 relative to August 2023.