REG - Argo Blockchain PLC - Argo Company Update - Hosting

Argo BlockchainAnnouncement

27/01/2025 07:00

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RNS Number : 7633U  Argo Blockchain PLC  27 January 2025

Press Release

27 January 2025

Argo Blockchain plc

("Argo" or "the Company")

 

Hosting Update

Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) is pleased to announce that it
has entered into a hosting arrangement with Merkle Standard LLC ("Merkle") to
host 5,293 S19J Pro miners at Merkle's Memphis, Tennessee location.  These
miners, previously hosted by the Company at Helios, will be deployed during
the month of February for a minimum one year term. Discussions continue with
Merkle to increase the number of miners hosted. An additional 2,500 S19J Pro
miners will be hosted at our Baie Comeau, Quebec facility where the Company
currently has available capacity.

The previously hosted S19J Pro miners are currently being refurbished and
converted from immersion-based miners to air cooled miners and the Company
expects this conversion process to be completed by the end of March, with
completed units being shipped to Merkle and Baie Comeau during the month of
February. By the end of  February, after these deployments, the Company
expects one third of the approximately 23,000 miners previously hosted at
Helios to be operational.

With the refurbishment process underway and hosting arrangements in place,
Argo's hashrate will steadily increase during the month of February.  Ongoing
discussions to host the remaining miners continue and the Company will update
the market on further install plans as progress is made.

This announcement contains inside information.

For further information please contact:

 Argo Blockchain
 Investor Relations                  ir@argoblockchain.com (mailto:ir@argoblockchain.com)
 Tennyson Securities
 Corporate Broker                    +44 207 186 9030

 Peter Krens
 Fortified Securities
 Joint Broker                        +44 7493 989014

 Guy Wheatley, CFA                   guy.wheatley@fortifiedsecurities.com
 Tancredi Intelligent Communication   argoblock@tancredigroup.com

 UK & Europe Media Relations

 

About Argo:

Argo Blockchain plc is a dual-listed (LSE: ARB; NASDAQ: ARBK) blockchain
technology company focused on large-scale cryptocurrency mining. With a mining
facility in Quebec 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. For more information, visit
(http://www.argoblockchain.com/) www.argoblockchain.com
(http://www.argoblockchain.com/) .

 

 

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