There's more pressure on the troubled bitcoin mining industry thanks to a huge 13.55% jump in mining difficulty to a new all-time high. The price of bitcoin, meanwhile, continues to languish just above $19K. Reporting by oknightcrypto
"Our profitability has been squeezed from both sides from higher energy prices to lower bitcoin price, that's resulted in a cash crunch for Argo," said Argo Blockchain CEO Peter Wall.
Bitcoin continues to hover in a very tight trading range around the low-$19,000 area. The price at press time was $19,333.
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