According to a report by Proactiveinvestors, London-listed mining company Argo Blockchain stated that it had mined 1,237 bitcoins in the first four months of 2020, an increase of 122% from the previous four months. In the past month, the company has installed 1,000 Bitmain Antminer S17 + mining machines, bringing its total production capacity to about 18,000, an increase of 244% over the end of last year. The company said that because the difficulty of the algorithm increased significantly in April, the mining conditions became slightly more difficult. In addition, Argo Blockchain’s current chief financial officer (CFO) Timothy Le Druillenec will immediately step down from his post and become a non-executive director. James Savage will succeed CFO.