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Argo Blockchain Installs 4,500 Crypto Mining Machines From Celsius Network

 

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

Argo also said the latest installation highlights its continued focus on efficiency when expanding its operations.

"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", Argo chief executive Peter Wall said in a statement.

The blockchain mining company said the installation represents the final delivery of Antminers under its lease with Celsius, with the new hardware having added around 430 petahash (crypto mining processing power) to its installed computing power.

The cryptocurrency miner said the OTCQX is the highest tier of the OTC market and represents an "important milestone" for the company

Argo Blockchain PLC (LON:ARB) (OTCQX:ARBKF) said its shares will begin trading today on the OTCQX Best Market in the US after being upgraded from the OTCQB Venture Market.

The cryptocurrency miner said the OTCQX Market is designed for established, investor-focused US and international companies, and that to qualify for listing firms must “meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws”.

“Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among US investors,” the company said.

Argo added that it was sponsored for OTCQX by MCAP Markets LLC, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership, and that its shares will continue to trade on the London Stock Exchange.

"The OTCQX is the highest tier of the OTC market and we are delighted to have qualified to begin trading. We are proud of our commitment to transparency, openness and strong corporate governance,” Argo chief executive Peter Wall said in a statement.

“This approval will give increased access to US institutional and retail investors looking to invest in the company and provide them with the opportunity to share in Argo's growth as the cryptocurrency and blockchain sectors continue to gather momentum," he added.

PS. In our blog pages we got hidden links where you can earn cryptocurrency for free.

Source: proactiveinvestors.co.uk


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