StockMarketWire.com - Cryptocurrency mining services provider Argo, said it had entered into a new three-year agreement with GPU.one that would increase its electricity supply by 357%.

Under the terms of the agreement with GPU.one, a 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 addition of 50 megawatts of power would allow the company to run up to 15,000 more mining machines concurrently, taking its total Bitcoin (BTC) mining capacity from 505 petahash (PH) to 1.36 exahash (EH), making Argo the largest publicly listed crypto miner in the world, the company said.








At 8:19am: [LON:ARB] Argo Blockchain Plc Ord 0.1p share price was +1.35p at 9.3p



Story provided by StockMarketWire.com