REG - Argo Blockchain PLC - Hosting Update

Argo BlockchainAnnouncement

24/02/2025 07:00

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RNS Number : 1092Y  Argo Blockchain PLC  24 February 2025

Press Release

24 February 2025

Argo Blockchain plc

("Argo" or "the Company")

 

Hosting Update

Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) is pleased to announce that it
has amended its hosting arrangement with Merkle Standard LLC ("Merkle") to
host a total of 8,113 S19J Pro miners at Merkle's Memphis, Tennessee location,
up from the initial 5,293 reported in January.  These miners, previously
hosted by the Company at Helios, will be deployed during the months of
February and March for a minimum one year term. As previously disclosed, an
additional 2,500 S19J Pro miners will be hosted at our Baie Comeau, Quebec
facility where the Company currently has available capacity.

By the end of March, after these deployments, the Company expects 46% 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 is expected to steadily increase during the months of February
and March. 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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