Argo Blockchain PLC Bitcoin launched on mining platform (5877D)

TIDMARB

RNS Number : 5877D

Argo Blockchain PLC

11 October 2018

PRESS RELEASE -

11(th) October 2018

Argo Blockchain PLC

('Argo' or 'the Company')

Argo launches Bitcoin on its mining platform

Argo, a UK-based provider of cryptocurrency mining services (LSE: ARB), is pleased to announce the launch of Bitcoin, the world's largest cryptocurrency, on its platform from 1(st) of November 2018.

The move comes in response to consumer demand and will increase the total number of cryptocurrencies available for mining by subscribers to seven. The current market capitalisation of Bitcoin is $114bn.

Argo's customers are currently able to mine Bitcoin Gold, Ethereum, Ethereum Classic, Zcash, Komodo and Horizen through its monthly subscription, cloud-based mining-as-a-software service.

The addition of Bitcoin follows the successful expansion of Argo's mining platform and a ten-fold increase in its sold packages to 4,200, marking the first significant ramp-up of the Company's revenues since its Initial Public Offering in August of 2018.

"We are delighted to announce the addition of Bitcoin to our platform. This is yet another step towards Argo's long-term goal to become the leading global provider of easy-to-use and transparent crypto-mining services for the general public" said Mike Edwards, president and co-founder of Argo.

"We have seen strong demand for Bitcoin and our growth strategy is customer-led. We look forward to offering even more choice as demand grows and we invest in our platform."

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
 Argo Blockchain 
 Jonathan Bixby                         via Tancredi [phone] 
  Executive Chairman 
  Mike Edwards 
  President & Executive 
  Director 
  Neil Thapar 
  Financial Communications               [phone] 
  Advisor 
                                       ----------------------------------------------------- 
 Mirabaud 
                                       ----------------------------------------------------- 
 Sole Bookrunner and 
  Corporate Broker 
  Peter Krens                           [phone] 
                                       ----------------------------------------------------- 
 Tancredi Intelligent 
  Communication 
  Media Relations 
                                       ----------------------------------------------------- 
 Salamander Davoudi                     [phone] 
  [e-mail] 
  Georgia Hanias 
  [e-mail]              [phone] 
                                       ----------------------------------------------------- 
 
 
 

Notes to Editors:

About Us:

Argo Blockchain plc is a global data centre management business that provides a low-cost, flexible and user-friendly platform for the mining of leading cryptocurrencies. Our cloud-based Mining as a Service (MaaS) platform is available at scale on a monthly subscription. Our platform provides consumers without significant computing expertise or complex and expensive hardware with the opportunity to mine Bitcoin Gold, Ethereum, Ethereum Classic, Zcash, Horizen and Komodo. From November 1(st) Bitcoin will also be available through the platform. Argo is headquartered in London, UK and operates state-of-the art data centres in Quebec, Canada. The Company's shares are listed on the main market of London Stock Exchange under the ticker: ARB.

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 [e-mail] or visit www.rns.com.

END

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October 11, 2018 02:00 ET (06:00 GMT)