Argo Blockchain PLC - Mining Capacity to Increase by 240%
('Argo' or 'the Company')
Expanded Bitmain Order to Increase Mining Capacity by 240%
The Company's existing order for 5,000 Antminer S17s costing
Argo has decided to pursue this opportunity as the amended order is significantly superior in terms of total mining efficiency and enables the Company to grow further its overall mining capacity.
The total number of cryptomining machines now on order totals 10,500 (the order described above, together with 500 Antminer S17s that await delivery).
Argo expects that the amended order will be delivered in batches from early December, and will increase the size of Argo's mining estate to 17,000 machines or 640 PH, increasing the Company's total mining capacity by 240%.
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Quick facts: Argo Blockchain PLC
Market Cap: £17.22 m
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