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ARB Argo Blockchain Plc

11.75
-0.45 (-3.69%)
Last Updated: 10:05:15
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Argo Blockchain Plc LSE:ARB London Ordinary Share GB00BZ15CS02 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.45 -3.69% 11.75 11.50 12.00 12.25 11.75 12.25 1,616,992 10:05:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 47.36M -194.23M -0.3628 -0.32 62.9M

Argo Blockchain PLC Installation of 4,500 new mining machines (4317Q)

26/02/2021 7:00am

UK Regulatory


Argo Blockchain (LSE:ARB)
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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

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END

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(END) Dow Jones Newswires

February 26, 2021 02:00 ET (07:00 GMT)

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