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Argo Blockchain installs new crypto mining machines

Published: 02:24 26 Feb 2021 EST

Argo Blockchain PLC - Argo Blockchain installs new crypto mining machines

Argo Blockchain PLC (LON:ARB) (OTCQX:ARBKF) said 4,500 Bitmain Antminer S19 and S19 pro cryptocurrency mining machines that the company agreed to lease from Celsius Network in November have been installed on time and are now fully operational.

The blockchain mining company said the installation represents the final delivery of Antminers under its lease with Celsius, with the new hardware having added around 430 petahash (crypto mining processing power) to its installed computing power.

READ: Argo Blockchain begins trading on OTCQX market

Argo also said the latest installation highlights its continued focus on efficiency when expanding its operations.

"We are delighted with the addition of these machines and believe that this installation will help Argo maintain its position at the forefront of mining efficiency", Argo chief executive Peter Wall said in a statement.

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