Argo joins newly-formed Bitcoin Mining Council

RNS Number : 6604Z

Argo Blockchain PLC

25 May 2021

 

Press Release

25 May 2021

Argo Blockchain PLC

("Argo" or "the Company")

Argo joins leading North American Bitcoin miners to promote

energy usage transparency and accelerate sustainability initiatives worldwide

Argo Blockchain (LSE: ARB), a global leader in cryptocurrency mining, is pleased to announce that on Sunday 23 May 2021, leading North American miners came together to discuss ESG issues related to Bitcoin mining with Elon Musk. The meeting was organised by Michael Saylor who chaired a productive 90-minute call resulting in the group agreeing to form a Bitcoin Mining Council to collectively promote energy transparency and improve sustainable mining practices. Alongside Argo Blockchain, companies in attendance included: MicroStrategy, Galaxy Digital, Hut 8, Marathon, HIVE, Core Scientific, Blockcap and Riot Blockchain.

Peter Wall, Chief Executive of Argo Blockchain, said: "Today is a good day for the planet. Sustainability has always been at the heart of Argo's mining operations and the newly-formed Bitcoin Mining Council is the next logical step in fostering a sectoral shift towards renewable energy. I enjoyed speaking with Elon Musk about these issues this weekend, and look forward to joining Michael Saylor and other leading North American miners in working to future-proof an industry that must collectively improve sustainable mining practices and take ESG concerns seriously."

For futher information please contact:

Argo Blockchain
Peter Wall Chief Executive Ian MacLeod Executive Chairman	via Tancredi [phone]
finnCap Ltd
Corporate Finance Jonny Franklin-Adams Tim Harper  Corporate Broking Sunila de Silva	[phone]
Tennyson Securities
Peter  Krens	[phone]
Tancredi Intelligent Communication UK & Europe Media Relations
Emma Valgimigli Emma Hodges Salamander Davoudi [e-mail]	[phone] [phone] [phone]

 

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