-

Argo Blockchain Purchases Two Data Centres

LONDON--(BUSINESS WIRE)--Argo Blockchain (LSE:ARB) (OTCQX: ARBKF), a global leader in cryptocurrency mining today announced that, further to the share purchase agreement with GPU.one announced on February 3, 2021, it has completed the acquisition of the two data centres in Quebec, Canada. The acquisition is part of the company’s strategy to increase control over the mining facilities in which its machines are hosted, with a view to providing the company with long term stability.

The data centres have a combined total of 20MW of power capacity and currently house a significant proportion of Argo's cryptocurrency mining equipment. The data centres are powered almost entirely by electricity generated from hydro power, which is a key part of the company’s green mining vision.

The consideration for the acquisition was mainly non-cash consisting of the assumption of existing bank obligations related to these facilities and the application of a previously paid deposit.

Peter Wall, Chief Executive of Argo, said: “Argo's purchase of data centres in Canada represents another milestone for the Company as we seek to take greater control over our mining production and mining cost base, while also laying solid foundations for long-term growth.”

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

Contacts

North America
Wachsman
argo@wachsman.com
Tel: +1-212-835-2511

Europe
Emma Valgimigli
emma@tancredigroup.com
Tel: +44 7727 180 873

Salamander Davoudi
salamander@tancredigroup.com
Tel: +44 7957 549 906

Argo Blockchain

OTCQX:ARBKF

Release Versions

Contacts

North America
Wachsman
argo@wachsman.com
Tel: +1-212-835-2511

Europe
Emma Valgimigli
emma@tancredigroup.com
Tel: +44 7727 180 873

Salamander Davoudi
salamander@tancredigroup.com
Tel: +44 7957 549 906

More News From Argo Blockchain

Suspension of Trading on Nasdaq for Argo Blockchain plc

LONDON--(BUSINESS WIRE)--Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK), a global leader in cryptocurrency mining, announces that it has requested a suspension of trading for its ADSs and unsecured notes traded on the Nasdaq Global Select Market as the London Stock Exchange is closed for trading on Tuesday, 27 December 2022. The Company expects that trading on Nasdaq will resume on Wednesday, 28 December 2022 after the Company makes an announcement that is expected to be released before opening o...

Cryptocurrency Mining Company Argo Blockchain Exceeds 1,000 Bitcoin Holding and Provides Update on Mining Infrastructure

LONDON--(BUSINESS WIRE)--Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB) (OTCQX: ARBKF), is pleased to provide the following operational update for May. Operational Update During the month of May, Argo mined 166 Bitcoin or Bitcoin Equivalent (together, BTC) compared to 163 BTC in April. This brings the total amount of BTC mined year-to-date to 716 BTC. Based on daily foreign exchange rates and cryptocurrency prices during the month, mining revenue in May amounted to $7.8 mi...

Argo Blockchain and DMG Blockchain Solutions Sign Crypto Climate Accord

OTTAWA, Ontario--(BUSINESS WIRE)--Argo Blockchain Plc (LSE: ARB) (OTCQX US: ARBKF), a UK-based global cryptocurrency mining company, and DMG Blockchain Solutions Inc. (OTCQB US: DMGGF), a vertically integrated blockchain and cryptocurrency technology company, today announced their partnership with the Crypto Climate Accord (CCA) to promote the decarbonization of the cryptocurrency industry. Alongside the CCA, Argo and DMG are developing a new working group to more clearly outline the accord’s o...
Back to Newsroom