The latest update is out from Argo Blockchain ( (GB:ARB) ).
Argo Blockchain has revised its hosting agreement with Merkle Standard LLC to host 8,113 S19J Pro miners at Merkle’s Memphis, Tennessee location, an increase from the previously reported 5,293. This move, alongside the deployment of additional miners at the Baie Comeau facility, is part of Argo’s plan to have 46% of the miners operational by the end of March, aiming to increase its hashrate during the coming months. The refurbishment process and ongoing hosting discussions indicate a strategic effort to enhance Argo’s mining capabilities, reflecting its commitment to operational growth and industry positioning.
More about Argo Blockchain
Argo Blockchain plc is a dual-listed blockchain technology company focusing on large-scale cryptocurrency mining. The company operates globally with facilities in Quebec and offices in the US, Canada, and the UK, emphasizing sustainable operations powered predominantly by renewable energy. Argo is recognized as the first climate positive cryptocurrency mining company and a signatory to the Crypto Climate Accord.
YTD Price Performance: -31.67%
Average Trading Volume: 87,311
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $36.24M
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