Bitcoin Mining Stock Update (April 29, 2022)

Bitcoin mining stocks had another rough week this week, with Bitcoin's price trading under $40k.

29 Apr 2022

Argo reported strong FY 2021 numbers, with revenues growing 290%. It provided year end 2022 hashrate guidance at 5.5 EH/s, and a longer-term estimate of over 20 EH/s beyond 2022 as its Helios site reaches full capacity. Riot announced a new 1-gigawatt site in Navarro County Texas. It expects the first phase of 400MW to commence in July 2023 at an estimated cost of $333m.