leadf
logo-loader
viewArgo Blockchain PLC

Argo Blockchain has built 'efficient mining infrastructure for the future' as revenues rocket

Argo Blockchain's (LON:ARB) Peter Wall says 2019 was a significant year which saw them pivot away from the mining-as-a-service model.

ARB reported an eleven-fold increase in revenues for the year following a 306% increase in its cryptocurrency mining capacity.

''We're at 18,000 machines now and it was a year where we tried to build an efficient mining infrastructure for the future ... it was about getting our mining purchases right and about having an infrastructure that can deal with a lot of the events that are happening in the near future'', he says.

Quick facts: Argo Blockchain PLC

Price: 6.7 GBX

LSE:ARB
Market: LSE
Market Cap: £19.68 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Argo Blockchain PLC named herein, including the promotion by the Company of Argo Blockchain PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Market report: Sterling six week lows and further lockdown woes

The FTSE is higher as we head into early afternoon trade with Sterling still loitering around that six week low and news from drug giant AstraZeneca PLC (LON:AZN) that it is putting its coronavirus vaccine trials on hold after a patient participating got poorly which has triggered...

on 9/9/20

2 min read