REG - Argo Blockchain PLC - 2021 Sustainability Report

Argo BlockchainAnnouncement

18/08/2022 07:00

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RNS Number : 3803W  Argo Blockchain PLC  18 August 2022

Press release

18 August 2022

 

Argo Blockchain PLC

("Argo" or "the Company")

 

2021 Sustainability Report

 

Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB;
NASDAQ: ARBK), is pleased to announce the release of its 2021 Sustainability
Report and that the Company is maintaining its climate positive status. The
report provides an overview of the Company's climate-related performance since
its 2020 Climate Strategy Report was published in August 2021.

With the aim of updating Argo shareholders on the Company's sustainability
progress, this report will be published annually and serves as further
evidence of Argo's commitment to its climate positive strategy.

The report outlines a number of significant milestones Argo has reached in
this respect, which include:

●     No Scope 1 emissions are produced as Argo does not have power
generation or vehicle fleets at our sites;

●   Most of Argo's GHG emissions would fall under Scope 2. While the
majority of Argo's power comes from clean energy, Renewable Energy Credits
(RECs) are purchased at Argo-owned or hosted facilities for emissions created
by electricity use; and

●    Scope 3 GHG emissions primarily come from upstream emissions from
capital goods purchased, as well as fuel and energy-related activities.
Verifiable Emissions Reductions (VERs) are purchased for all Argo activities
in its value chain, and the Company will purchase additional VERs to maintain
its climate positive status.

Looking ahead, Argo will continue to prioritize sustainability, which is
demonstrated by the Company's ongoing and planned initiatives in energy
efficiency, reducing e-waste, use of waste heat in partnership with local
municipalities, and supporting the crypto mining industry with sustainability
standards. In doing so, Argo hopes that other players in the crypto and
Bitcoin mining space will join the mission.

"We are pleased to provide this report that highlights the progress we've made
in our commitment to sustainability and Argo's climate strategy, and plan to
maintain our climate positive status," said Peter Wall, Chief Executive
Officer of Argo. "For our team, sustainability is integral to our business
model. This report highlights Argo's focus on improving mining efficiencies,
reducing our impact on the planet, and increasing our overall productivity."

For further information please contact:

 

 Argo Blockchain
 Peter Wall                          via Tancredi +44 203 434 2334

 Chief Executive
 finnCap Ltd
 Corporate Finance                   +44 207 220 0500

 Jonny Franklin-Adams

 Tim Harper

 Joint Corporate Broker

 Sunila de Silva
 Tennyson Securities
 Joint Corporate Broker              +44 207 186 9030

 Peter Krens
 OTC Markets
 Jonathan Dickson                    +44 204 526 4581

 jonathan@otcmarkets.com             +44 7731 815 896
 Tancredi Intelligent Communication

 UK & Europe Media Relations
 Emma Valgimigli                     +44 7727 180 873

 Fabio Galloni-Roversi Monaco        +44 7888 672 701

 Nasser Al-Sayed                     +44 7915 033 739

 argoblock@tancredigroup.com

 

About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain
technology company focused on large-scale cryptocurrency mining. With its
flagship mining facility in Texas, and offices in the US, Canada, and the UK,
Argo's global, sustainable operations are predominantly powered by renewable
energy. In 2021, Argo became the first climate positive cryptocurrency mining
company, and a signatory to the Crypto Climate Accord. Argo also participates
in several Web 3.0, DeFi and GameFi projects through its Argo Labs division,
further contributing to its business operations, as well as the development of
the cryptocurrency markets. For more information, visit www.argoblockchain.com
(http://www.argoblockchain.com/) .

 

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