1295 new mining machines in production

RNS Number : 2892N

Argo Blockchain PLC

29 January 2021

 

Press release

29 January 2021

Argo Blockchain PLC

('Argo' or 'the Company')

1295 new mining machines in production  

Argo, the leading cryptocurrency miner based in the UK (LSE: ARB), is pleased to announce that 1295 S19 and S19 pro miners were brought onstream this week. 

The machines, which were ordered in November 2020 and delivered ahead of schedule, will add approximately 127 petahash to the company's existing mining fleet, bringing the Company's total installed computing power to 772 petahash. By the end of Q2 2021, Argo's total installed mining power will total 1,685 petahash or 1,68 exahash. The remainder of the 10,000 machines required to achieve this target are on order and expected to be delivered in batches between February and June, as previously announced. 

Peter Wall, chief executive of Argo, said: "We are very pleased that these machines have been delivered ahead of schedule. Our ongoing investment in new mining hardware puts us at the forefront of mining efficiency and ensures we continue to deliver a strong performance and create long-term value for shareholders."

 For further information please contact:

Argo Blockchain
Peter Wall,  Chief Executive Ian MacLeod,  Executive Chairman	via Tancredi Tel: [phone]
Corporate Broker - finnCap Ltd
Jonny Franklin-Adams / Kate Washington  (Corporate Finance) Sunila de Silva   (Corporate Broking)	Tel: [phone]
OTC Markets
Jonathan Dickson [e-mail]	Tel: [phone] Tel: [phone]
Media Relations - Tancredi Intelligent Communications
Salamander Davoudi [e-mail] Emma Valgimigli [e-mail]	Tel: [phone] Tel: [phone]

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

See Argo's largest facility in Quebec:

https://youtu.be/LDWWaZ75Zbk

 

END

 

 

UPDPPURCGUPGPPR