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IN BRIEF: Argo Blockchain acquires additional mining capacity
Argo Blockchain PLC - cryptocurrency miner based in London - Agrees to acquire 20,000 Bitmain Antminer S19J pro machines, for an undisclosed sum.
The acquisition is expected to increase Argo's hashrate by over two exahash and are expected to be delivered in monthly batches between the second and third quarter of 2022.
The expansion is expected to bring Argo's total mining capacity to 3.7 exahash by the end of the third quarter of 2022.
Current stock price: 122.00 pence
Year-to-date change: up sharply from 33p at end of 2020
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
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