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Argo Blockchain increases number of Bitcoin mining machines to 6,500

Another 5,500 machines are currently on order and expected to be installed by the end of the quarter

Argo Blockchain Plc - Argo Blockchain increases number of Bitcoin mining machines to 6,500
The group has installed 500 new Antminer T17 Bitcoin mining machines

Argo Blockchain Plc (LON:ARB) has increased the number of Bitcoin mining machines in production to 6,500 following the installation of 500 new Antminer T17’s.

READ: Argo Blockchain’s third-quarter revenues jump 75%

The cryptocurrency miner said an additional 5,500 machines were currently on order and were expected to be installed by the end of the current quarter.

Analysts at Mirabaud said previously that once the remaining 5,500 machines are installed, Argo’s monthly income is expected to exceed £1.6mln.

Quick facts: Argo Blockchain PLC

Price: 5.16 GBX

LSE:ARB
Market: LSE
Market Cap: £15.16 m
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