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Argo Blockchain employees will start receiving salaries in bitcoins

The team of the London Stock Exchange mining company Argo Blockchain has received the option to receive salaries in bitcoins since March 1. CEO Peter Wall took advantage of this opportunity.

The initiative is being implemented with the support of the Bitcoin Savings service of the Toronto-based exchange Satstreet. It will convert fiat to bitcoin at the daily market rate.

Argo Blockchain also presented operational results. In February, the company mined 129 bitcoins against 93 in January. Monthly income in the last month increased from £2.48 million to £ 4.34 million (~ $ 6 million), profitability reached 81%.

At the beginning of March, the mining company had 599 coins left at its disposal. According to Wall, the company should HODL strategies.

The market reacted positively to the Argo Blockchain results and comments from its management. At time of writing, the stock is up 9%, while the leading FTSE 100 index is only 0.8%.

Data: LSE.

ForkLog previously wrote about exploding stocks most Bitcoin mining equipment manufacturers and mining firms.

In February, Bitcoin and Ethereum miners’ revenues were updated historic highs

We will remind, in January, Elon Musk admitted that he would not mind receiving rewards in the first cryptocurrency

From December 2020 Professional American Football League (NFL) player Russell Okung began automatically convert half of your annual salary to bitcoin in $ 13 million

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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