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New Mining Hardware Installed and Operational

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RNS Number : 8786M
Argo Blockchain PLC
19 September 2019
 

 PRESS RELEASE

19th September 2019

 

Argo Blockchain PLC

('Argo' or 'the Company')

 

New mining hardware installed and operational

 

Argo, a UK-based provider of enterprise scale cryptocurrency mining services (LSE: ARB), is pleased to announce that following the installation of 1,000 new Antminer T17 Bitmain mining machines, the total number of machines in production has increased from 5,000 to 6,000.

The Company expects to increase its installed base rapidly over the remainder of this year. The additional 6,000 machines are on order and are expected to be installed over the next two quarters.

The Company plans to provide a third-quarter operational update in early October.

 

 

For further information please contact:

 

Argo Blockchain


Mike Edwards

President & Executive Director

 

Neil Thapar

Financial Communications Adviser

via Tancredi +44 203 434 2334

 

 

+44 7876 455323

Mirabaud


Corporate Broker

Peter Krens

+44 203 167 7221

Tancredi Intelligent Communication

Media Relations


Salamander Davoudi

[email protected]

    

 Emma Valgimigli

[email protected]

+44 7957 549 906

 

 

 

+44 7727 180 873

 

 

About Argo:

Argo Blockchain plc is a global data centre business that provides a purpose-built and flexible platform for mining of leading cryptocurrencies for the enterprise-scale and institutional sectors worldwide from operational centres in Canada. 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.

www.argomining.co

 

 

See Argo's largest facility in Quebec:

https://youtu.be/LDWWaZ75Zbk

 


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 [email protected] or visit www.rns.com.
 
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Quick facts: Argo Blockchain Plc

Price: 5.7775

Market: LSE
Market Cap: £16.97 m
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Argo Blockchain's Bixby details partnership with leading crypto-miner HIVE

Argo Blockchain PLC's (LON:ARB) chairman Jonathan Bixby discusses a share swap deal that's been struck with a headline value of £5.1mln with a company called HIVE Blockchain. HIVE is a business-to-business mining service provider aimed at large-scale enterprise and institutional...

on 13/5/19