By Kyle Morris

Shares in Argo Blockchain PLC rose 12% on Thursday after the company said that it has opened its flagship Helios mining facility in Texas.

The cryptocurrency miner said phase one of the development will use 200 megawatts of power capacity and more than doubles its processing capacity.

Shares at 0738 GMT were up 7.00 pence at 67.50 pence.

Write to Kyle Morris at kyle.morris@dowjones.com

(END) Dow Jones Newswires

May 05, 2022 04:01 ET (08:01 GMT)

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