Installation of 4,500 new mining machines

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

Chief Executive

Ian MacLeod

Executive Chairman

via Tancredi +44 203 434 2334

 

 

 

finnCap Ltd


Corporate Finance

Jonny Franklin-Adams

Tim Harper

 

Corporate Broking

Sunila de Silva  

+44 207 220 0500

 

 

 

 

 

OTC Markets


Jonathan Dickson

jonathan@otcmarkets.com

 

+44 204 526 4581

 

+44 7731 815 896

Tancredi Intelligent Communication

UK & Europe Media Relations


Salamander Davoudi

salamander@tancredigroup.com

Emma Valgimigli

emma@tancredigroup.com

 +44 7957 549 906

 

+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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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