Use of the upgraded ASIC servers will enable Argo to support 3,000 new subscribers or seven times more than its existing installed capability.
“This is a potentially game-changing development and we want to be early movers in deploying this hardware,” said Mike Edwards, Argo’s President and co-founder.
The recent London listee will start a mass roll-out of its cryptocurrency mining-as-a-service later this month.
Argo has a waiting list of more than 50,000 registered potential users and expects to start adding customers to the new platform shortly.
It will be one of the first mining-as-a-service (MaaS) companies in the world to deploy this new ASIC technology, which will also allow a wider choice of cryptocurrencies.
At present, Argo supports the mining of Bitcoin Gold, Ethereum, Ethereum Classic and Zcash.
Edwards said the new ASIC-based servers had only become available in recent weeks but would dramatically improve the efficiency of mining alt-currencies
The new technology offers a seven times improvement over the previous best available hardware, are cheaper with significantly lower electricity consumption and energy costs.