🚀 Argo Blockchain, a leading crypto miner, managed to reduce its debt to $75 million in the first half of this year, compared to $143 million at the end of June 2022. In addition, the company has also managed to reduce costs and overall expenses. However, earnings in H1 were lower compared to the same period last year.

Here are the important points:

- Argo's H1 2023 pre-tax loss was $18.6 million, 61% lower than $47.9 million in 2022.

- Debt reduction: from $143 million in H1 2022 to $75 million at the end of June this year.

- Operating costs and expenses fell 33%, while non-mining operational costs and expenses fell 21% in Q2.

- Argo's revenue was just $24 million at the end of H1, compared to $34.6 million in the same period in 2022.

Let's discuss in the comments column, are you optimistic about the future development of Argo Blockchain? 😄