Argo Blockchain PLC Bitcoin launched on mining platform (5877D)
October 11 2018 - 2:00AM
UK Regulatory
TIDMARB
RNS Number : 5877D
Argo Blockchain PLC
11 October 2018
PRESS RELEASE -
11(th) October 2018
Argo Blockchain PLC
('Argo' or 'the Company')
Argo launches Bitcoin on its mining platform
Argo, a UK-based provider of cryptocurrency mining services
(LSE: ARB), is pleased to announce the launch of Bitcoin, the
world's largest cryptocurrency, on its platform from 1(st) of
November 2018.
The move comes in response to consumer demand and will increase
the total number of cryptocurrencies available for mining by
subscribers to seven. The current market capitalisation of Bitcoin
is $114bn.
Argo's customers are currently able to mine Bitcoin Gold,
Ethereum, Ethereum Classic, Zcash, Komodo and Horizen through its
monthly subscription, cloud-based mining-as-a-software service.
The addition of Bitcoin follows the successful expansion of
Argo's mining platform and a ten-fold increase in its sold packages
to 4,200, marking the first significant ramp-up of the Company's
revenues since its Initial Public Offering in August of 2018.
"We are delighted to announce the addition of Bitcoin to our
platform. This is yet another step towards Argo's long-term goal to
become the leading global provider of easy-to-use and transparent
crypto-mining services for the general public" said Mike Edwards,
president and co-founder of Argo.
"We have seen strong demand for Bitcoin and our growth strategy
is customer-led. We look forward to offering even more choice as
demand grows and we invest in our platform."
FOR FURTHER INFORMATION, PLEASE CONTACT:
Argo Blockchain
Jonathan Bixby via Tancredi +44 207 887 7633
Executive Chairman
Mike Edwards
President & Executive
Director
Neil Thapar
Financial Communications +44 (0) 7876 455323
Advisor
-----------------------------------------------------
Mirabaud
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Sole Bookrunner and
Corporate Broker
Peter Krens +44 203 167 7221
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Tancredi Intelligent
Communication
Media Relations
-----------------------------------------------------
Salamander Davoudi +44 7957 549 906
salamander@tancredigroup.com
Georgia Hanias
Georgia@tancredigroup.com +44 7812 211 403
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Notes to Editors:
About Us:
Argo Blockchain plc is a global data centre management business
that provides a low-cost, flexible and user-friendly platform for
the mining of leading cryptocurrencies. Our cloud-based Mining as a
Service (MaaS) platform is available at scale on a monthly
subscription. Our platform provides consumers without significant
computing expertise or complex and expensive hardware with the
opportunity to mine Bitcoin Gold, Ethereum, Ethereum Classic,
Zcash, Horizen and Komodo. From November 1(st) Bitcoin will also be
available through the platform. Argo is headquartered in London, UK
and operates state-of-the art data centres in Quebec, Canada. The
Company's shares are listed on the main market of London Stock
Exchange under the ticker: ARB.
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contact rns@lseg.com or visit www.rns.com.
END
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