Argo Blockchain ( (GB:ARB) ) just unveiled an update.
Argo Blockchain plc has updated its hosting arrangements, increasing the number of S19J Pro miners hosted at Merkle Standard LLC’s Memphis location to 9,315 and adding 4,000 miners at Merkle’s Washington State site. The company also plans to sell 2,000 miners for approximately $550,000 and expects 69% of the 23,000 miners previously hosted at Helios to be operational by the end of April 2025. This strategic move is aimed at optimizing its mining operations and adapting to market conditions, potentially impacting its operational efficiency and market positioning.
More about Argo Blockchain
Argo Blockchain plc is a dual-listed blockchain technology company focused on large-scale cryptocurrency mining. The company operates a mining facility in Quebec and has offices in the US, Canada, and the UK. Argo is known for its global, sustainable operations powered predominantly by renewable energy and was the first climate positive cryptocurrency mining company, also a signatory to the Crypto Climate Accord.
YTD Price Performance: -35.00%
Average Trading Volume: 58,097
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $29.14M
Learn more about ARB stock on TipRanks’ Stock Analysis page.