LONDON (Alliance News) - Argo Blockchain PLC said Thursday it has expanded its platform to support the "mass roll-out" of its cryptocurrency-mining-as-a-service offering later in September.
The cryptocurrency mining services provider said that the enlarged capacity will, for the first time, enable the mining of alternative currencies at scale.
Upon installation, the new hardware will boost the company's capacity to support 3,000 new subscribers, Argo said, representing a seven-fold increase on its current capacity. The company said it has more than 50,000 users on its waiting list.
"The company will be one of the first mining-as-a-service companies in the world to deploy this new technology. The new platform will also offer Argo greater flexibility to introduce a wider choice of cryptocurrencies to subscribers in due course," Argo explained.
Currently Argo supports the mining of Bitcoin Gold, Ethereum, Ethereum Classic and Zcash.
Argo shares were trading down 3.5% at 10.62 pence each.
Argo Group (ARGO)