Argo Appoints Guidehouse Climate Strategy Advisor

RNS Number : 2195U

Argo Blockchain PLC

01 April 2021

 

01 April 2021

Argo Blockchain PLC

('Argo' or 'the Company')

Argo Appoints Guidehouse as Climate Strategy Advisor

Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB), is pleased to announce it has engaged Guidehouse, a leading consultancy and solutions provider, to research and advise on science-based solutions towards Argo's long-term strategy to eliminate its climate impact. This work will include providing a full climate action plan to achieve Argo's goal of becoming a net zero greenhouse gas (GHG) company.

Argo believes there is a duty to act responsibly and minimise its impact on the climate and reduce its GHG footprint. While the Company's Quebec facilities are powered using renewable energy and its partner data centres are purposefully located in regions where the grid is shifting to renewables, Argo feels it must go further and wants to set a precedent for the cryptocurrency sector. Last week, Argo announced, in partnership with DMG, the first Bitcoin mining pool powered by clean energy. With Guidehouse, Argo is actively researching numerous strategies to be a climate friendly cryptocurrency miner.

Guidehouse combines its depth of expertise as a global sustainability leader with its extensive experience providing advisory services to the technology industry. This uniquely positions Guidehouse as a critical partner in providing Argo with strategic recommendations to become net zero without inhibiting mining operations. This will help Argo thrive in the rapidly changing energy environment.

Peter Wall, Chief Executive of Argo Blockchain, said: "We are delighted to be working with Guidehouse to assess the options available in order to achieve our goal of becoming net zero and a climate friendly cryptocurrency miner. At Argo, we pride ourselves on being pioneers within this hugely exciting sector, and we aim to become the gold standard for other miners to ensure we are doing everything we can to secure a sustainable future for generations to come."

For further information please visit www.argoblockchain.com or 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]
OTC Markets
Jonathan Dickson [e-mail]	[phone] [phone]
Tancredi Intelligent Communication UK & Europe Media Relations
Salamander Davoudi [e-mail] Emma Valgimigli [e-mail]	[phone] [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 and on the OTCQX Best Market in the United States under the ticker: ARBKF.

argoblockchain.com

About Guidehouse:

Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 9,000 professionals in over 50 locations globally.  Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies.

For more information, please visit: www.guidehouse.com .

 

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