Bitcoin launched on mining platform

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

 

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