Argo Blockchain remained climate positive in 2021, new report shows
The first annual sustainability report outlined substantial emissions decreases and improved mining efficiency
Company
Argo Blockchain PLC
LON:ARB
Argo Blockchain PLC is a global data centre business that provides a powerful and efficient platform for cryptocurrency mining operations. The company is headquartered in London, UK, with operations in strategic locations in North America.
235 stories · page 3 of 12
Argo Blockchain increases mining revenues, brings mining rigs in-house
Transition out of third-party facilities set to ramp up operating efficiency
Argo Blockchain steps up bitcoin mining output, hires derivatives trader
Mining revenue in June was £3.38mln, up from £3.07mln in May
Argo Blockchain mines fewer bitcoin in May as it brings new Texas facility online
As a result of high temperatures in Texas leading to increased energy demand and higher electricity prices, the company said it responded by voluntarily curtailing mining operations and reducing its energy usage
Argo Blockchain reports first-quarter revenue and profit growth as Helios facility opens
With the new facility in Texas having started mining activities this month, the bitcoin mining hashrate is expected to jump to 5.5 EH/s by the end of 2022 from 1.6 EH/s at the end of last year
Argo Blockchain reports improved monthly numbers and appoints chief growth officer
During April, 166 bitcoin or bitcoin equivalent were mined by the company, up from 163 the month before
Argo Blockchain to begin Bitcoin mining at new Helios facility next week
The site has now been energised with 200 MW of power and the first batch of crypto mining machines has been installed
Argo Blockchain tops up loan for Texas bitcoin mining facility
"This additional non-dilutive funding will enable us to continue fitting out phase 1 of our Helios site"
Argo Blockchain earnings soar in 2021, expects mining capacity to triple in 2022
For last year, revenue was up 291% to £74.2mln and net income rose more than 2,000% to £30.8mln
Argo Blockchain appoints operations chief, mining revenue increases
Mining revenue for the month amounted to £5.2mln compared to £4.15mln the preceding month
Bitcoin: How environmentally-damaging is it and what greener alternatives are there?
Crypto mining uses up 1,310 times less energy than the entire world uses in a year
Argo Blockchain signs agreement to swap mining fleet
The exchange will take over the summer in stages to minimise any loss in hashrate
Argo Blockchain takes loan to cover cost of electrical equipment for Texas crypto mining facility
The company said it anticipates being able to energise and complete the 200MW facility in the first half of this year
Hardware & electrical equipment
Argo Blockchain signs supply agreement with Intel
The crypto miner also announced a transformer order that will provide an additional 600MW of total power to its Helios facility
Valkyrie Bitcoin mining ETF approved by Nasdaq
Argo Blockchain is one of the companies that will be indexed in the fund
Argo Blockchain lays the foundations for 2022 growth strategy
At the end of January, the company owned 2,748 Bitcoin (BTC) of which 262 were BTC equivalents.
Argo Blockchain funds innovations division to explore DeFi, NFTs and the metaverse
A new head of Argo Labs has also been appointed in the form of Vakeesan Mahalingam, who joins from a consultancy that worked with crypto startups
Argo Blockchain says new Texas facility on track as Bitcoin mining output rises in December
"2021 has been a transformational year for both Argo and the cryptocurrency sector," said CEO Peter Wall
Argo Blockchain out-ranks Lloyds and BP in Fidelity's 2021 'top stocks'
Argo trailed only Rolls-Royce and BA-owner IAG in Fidelity's list of 'most actively traded stocks' on its platform in the year
Argo Blockchain reaches 'amicable resolution' to litigation with crypto lender
As part of the agreement, Celsius has passed the title to Argo for the 4,500 mining machines covered by the lease