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Argo Blockchain PLC - London-based cryptocurrency miner - Partners with cryptocurrency technology company DMG Blockchain Solutions Inc to launch the first Bitcoin mining pool powered exclusively by clean energy. Under the agreement, Argo and DMG will launch Terra Pool. This will initially consist of both companies' hashrate, which is mostly generated by hydroelectric resources. The pool will provide a platform to produce Bitcoin and other cryptocurrencies in a sustainable way.
"Addressing climate change is a priority for Argo and partnering with DMG to create the first green Bitcoin mining pool is an important step towards protecting our planet now and for generations to come. We are hopeful other companies within the Bitcoin mining industry follow in our footsteps to demonstrate broader climate consciousness," says Chief Executive Peter Wall.
Argo current stock price: 225.75 pence, up 14% on Friday
Year-to-date change: up substantially from 33.00p on December 31
DMG current stock price: CAD2.23, up 2.3% on Friday
Year-to-date change: up substantially from CAD0.60 on December 31
By Zoe Wickens; zoewickens@alliancenews.com
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