Argo Blockchain PLC Installation of 4,500 new mining machines (4317Q)
26 February 2021 - 6:00PM
UK Regulatory
TIDMARB
RNS Number : 4317Q
Argo Blockchain PLC
26 February 2021
Press release
26 February 2021
Argo Blockchain PLC
('Argo' or 'the Company')
Installation of 4,500 new mining machines
Argo Blockchain, a global leader in cryptocurrency mining (LSE:
ARB), is pleased to announce that 4,500 Bitmain Antminer S19 and
S19 pro miners Argo agreed to lease from Celsius Network in
November 2020 have been installed on time and are now fully
operational. This installation represents the final delivery of
Antminers under Argo's lease with Celsius Network . The new mining
hardware has added approximately 430 petahash to the Company's
installed computing power and consumes approximately 15 megawatts
("MW") of electricity. This latest installation highlights the
continued focus on efficiency when expanding Argo's mining
operations.
Peter Wall, Chief Executive of Argo, said: "We are delighted
with the addition of these machines and believe that this
installation will help Argo maintain its position at the forefront
of mining efficiency."
For further information please visit www.argoblockchain.com or
contact:
Argo Blockchain
Peter Wall via Tancredi +44 203 434 2334
Chief Executive
Ian MacLeod
Executive Chairman
------------------------------
finnCap Ltd
------------------------------
Corporate Finance
Jonny Franklin-Adams
Tim Harper
Corporate Broking
Sunila de Silva +44 207 220 0500
------------------------------
OTC Markets
------------------------------
+44 204 526 4581
Jonathan Dickson
jonathan@otcmarkets.com +44 7731 815 896
------------------------------
Tancredi Intelligent Communication
UK & Europe Media Relations
------------------------------
Salamander Davoudi
salamander@tancredigroup.com +44 7957 549 906
Emma Valgimigli
emma@tancredigroup.com +44 7727 180 873
------------------------------
About Argo:
Argo Blockchain plc is a global leader in cryptocurrency mining
with one of the largest and most efficient operations powered by
clean energy. The Company is headquartered in London, UK and its
shares are listed on the Main Market of the London Stock Exchange
under the ticker: ARB.
argoblockchain.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCTAMJTMTATTAB
(END) Dow Jones Newswires
February 26, 2021 02:00 ET (07:00 GMT)
Argo Blockchain (LSE:ARB)
Historical Stock Chart
From Apr 2024 to May 2024
Argo Blockchain (LSE:ARB)
Historical Stock Chart
From May 2023 to May 2024