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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: 5.8 GBX

Market: LSE
Market Cap: £17.04 m

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on 4/6/20

2 min read