{"id":38274,"date":"2021-03-03T16:26:44","date_gmt":"2021-03-03T14:26:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38274"},"modified":"2025-08-30T03:49:14","modified_gmt":"2025-08-30T00:49:14","slug":"argo-blockchain-employees-to-be-paid-in-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/argo-blockchain-employees-to-be-paid-in-bitcoin\/","title":{"rendered":"Argo Blockchain employees to be paid in Bitcoin"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">The London-listed mining company Argo Blockchain announced that, from March 1, employees have the option to be paid in Bitcoin. The option has been taken up by CEO Peter Wall.<\/span><\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">For those that opt-in, Argo will automatically convert salaries from fiat to Bitcoin at the daily market rate using the Toronto-based <a href=\\\"https:\/\/twitter.com\/Satstreet?ref_src=twsrc%5Etfw\\\">@Satstreet<\/a> exchange using their \u201cBitcoin Savings\u201d service.<a href=\\\"https:\/\/twitter.com\/hashtag\/ARB?src=hash&#038;ref_src=twsrc%5Etfw\\\">#ARB<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24ARBKF&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$ARBKF<\/a><\/p>\n<p>3\/<\/p>\n<p>\u2014 Argo (@ArgoBlockchain) <a href=\\\"https:\/\/twitter.com\/ArgoBlockchain\/status\/1367006980636897283?ref_src=twsrc%5Etfw\\\">March 3, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p><span style=\\\"font-weight: 400;\\\">The initiative is being implemented with the support of the Toronto-based Bitcoin Savings service Satstreet. It will convert fiat to Bitcoin at the daily market rate.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Argo Blockchain also reported its operating results. For February the company mined 129 BTC, up from 93 in January. Monthly revenue for the last month rose from \u00a32.48m to \u00a34.34m (~$6m), with a mining margin of 81%.<\/span><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Operational Update for February 2021:<\/p>\n<p>\u2014 Mined 129 BTC or equiv in Feb<br \/>\n\u2014 Mining rev was \u00a34.34m at a mining margin of 81%<br \/>\n\u2014 At month-end held 599 BTC or equiv.<br \/>\n\u2014 Total mining capacity: 1075 PH (SHA-256) + 280 M\/S Equihash<a href=\\\"https:\/\/twitter.com\/hashtag\/ARB?src=hash&#038;ref_src=twsrc%5Etfw\\\">#ARB<\/a> <a href=\\\"https:\/\/twitter.com\/search?q=%24ARBKF&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$ARBKF<\/a><\/p>\n<p>\u2014 Argo (@ArgoBlockchain) <a href=\\\"https:\/\/twitter.com\/ArgoBlockchain\/status\/1367006933971062784?ref_src=twsrc%5Etfw\\\">March 3, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p><span style=\\\"font-weight: 400;\\\">As of early March, the mining company had 599 BTC in reserve. According to Wall, the company is following a HODL strategy.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">The market reacted positively to Argo Blockchain&#8217;s results and management&#8217;s comments. At the time of writing, the shares were up about 9%, while the FTSE 100 index was up only about 0.8%.<\/span><\/p>\n<div id=\\\"attachment_126548\\\" style=\\\"width: 634px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-126548\\\" class=\\\"size-full wp-image-126548\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Argo0303.png\\\" alt=\\\"Argo Blockchain employees to be paid in Bitcoin\\\" width=\\\"624\\\" height=\\\"112\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Argo0303.png 624w, https:\/\/u1f987.com\/wp-content\/uploads\/Argo0303-300x54.png 300w\\\" sizes=\\\"auto, (max-width: 624px) 100vw, 624px\\\" \/><\/p>\n<p id=\\\"caption-attachment-126548\\\" class=\\\"wp-caption-text\\\">Data: LSE.<\/p>\n<\/div>\n<p><span style=\\\"font-weight: 400;\\\">Earlier ForkLog reported on<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/mining-company-shares-surge-amid-bitcoin-rally\"><span style=\\\"font-weight: 400;\\\">the explosive rise in shares<\/span><\/a><span style=\\\"font-weight: 400;\\\"> of most manufacturers of bitcoin mining equipment and mining firms.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">In February, bitcoin and Ethereum miner revenues hit<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-and-ethereum-miners-earned-1-36-billion-in-february\"><span style=\\\"font-weight: 400;\\\">historic highs<\/span><\/a><span style=\\\"font-weight: 400;\\\">.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Earlier in January, Elon Musk said he would not object to <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-says-he-would-not-rule-out-accepting-bitcoin-payments\">receiving compensation in the first cryptocurrency<\/a>.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Since December 2020, NFL quarterback Russell Okung has begun <a href=\"https:\/\/u1f987.com\/en\/news\/nfl-star-converts-half-of-salary-to-bitcoin-via-lightning-network\">converting half of his annual salary<\/a> into Bitcoin worth $13m.<\/span><\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The London-listed mining company Argo Blockchain announced that, from March 1, employees have the option to be paid in Bitcoin. The option has been taken up by CEO Peter Wall.<\/p>\n","protected":false},"author":1,"featured_media":38275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1182,18,1137,1645],"class_list":["post-38274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-argo-blockchain","tag-bitcoin","tag-cryptocurrency-mining","tag-salaries"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=38274"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38274\/revisions"}],"predecessor-version":[{"id":38276,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38274\/revisions\/38276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38275"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}