Argo increases Bitcoin production despite BTC difficulty growth

Publicly-listed Bitcoin (BTC) mining steadfast Argo Blockchain has accrued its regular BTC accumulation contempt a important spike successful web difficulty.

During the period of February, Argo mined a full of 162 of Bitcoin oregon BTC equivalents, translating to 5.7 BTC per day, the steadfast announced successful an operational update connected March 7.

Argo’s regular Bitcoin accumulation complaint successful February surged 7% from 5.4 BTC per time produced successful January, contempt a 10% month-over-month summation successful mean web difficulty.

Bitcoin mining trouble is simply a measurement defining however hard it is to excavation a BTC block, with a higher trouble requiring much hash rate, oregon further computing powerfulness to verify transactions and excavation caller coins.

According to information from Blockchain.com, BTC web trouble has been surging to caller all-time highs successful February, hitting a trouble complaint of 43 trillion connected Feb. 25.

Bitcoin trouble humanities chart. Source: Blockchain.com

The quality comes amid the manufacture anticipating the adjacent Bitcoin trouble accommodation that is expected to hap connected March 10. According to information from BTC.com, the adjacent trouble is estimated to reach 43.4 trillion.

Related: Argo Blockchain accused of misleading investors successful class-action lawsuit

As antecedently reported, Argo Blockchain sold its flagship mining installation Helios to Mike Novogratz’s crypto concern steadfast Galaxy Digital amid the pugnacious crypto marketplace of 2022. Despite continuing to excavation utilizing Galaxy’s facility, Argo seemingly saw its BTC accumulation somewhat dropping successful the aftermath of the sale. Months earlier the transaction, Argo’s monthly BTC mining generated much than 200 BTC.

Argo is not the lone mining steadfast that seems to beryllium unaffected by the BTC trouble spike successful February, with different miners similar Cipher Mining producing 16% much Bitcoin successful February implicit January. Marathon Digital besides increased their mean Bitcoin produced per time by 10% compared to January.