RE: What the SP needs24 Oct 2020 10:57
Trigger - this is from last August 2019. Maybe someone can enlighten us on the Equihash/MW calculations. But I see there being almost a 100% capacity increase possibility as we’re at 35MW at the mo. So extrapolate from there, but for me the upside is massive. GLA DYOR.
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Argo Blockchain PLC
('Argo' or 'the Company')
New Agreement Signed to Expand Power Capacity by 357%
Argo will also have an option to boost mining capacity by up to 1360 petahash (PH), or 1.36 exahash (EH), positioning it to be the world's largest publicly listed crypto miner by 2020
Argo, a UK-based provider of enterprise scale cryptocurrency mining services (LSE: ARB), is pleased to announce it has entered into a new agreement that will increase its electricity supply by 357 per cent.
Under the terms of the agreement with GPU.one, a leading Canadian data centre provider, the Company's access to clean power supplies increases from 14 megawatts to 64 megawatts, on similar terms to its existing agreement, at its two data centres in Quebec and its new data centres in Eastern Canada.
The agreement covers a three-year period from June 25th, 2019, with an option to extend thereafter for an additional two years.