- Cryptominer Argo said it had expanded its existing order for mining equipment from Bitmain, increasing its mining capacity by 240%.

The company's existing order for 5,000 Antminer S17s costing $13.09m had been replaced by an order for 10,000 Antminer T17s costing $9.51m. Argo's existing S17 down payment of $6.546m would be applied against this amended order.

'Argo has decided to pursue this opportunity as the amended order is significantly superior in terms of total mining efficiency and enables the Company to grow further its overall mining capacity,' the company said.

The amended order would be delivered in batches from early December, and increase the size of Argo's mining estate to 17,000 machines, increasing the company's total mining capacity by 240%.

At 8:52am: [LON:ARGO] Argo Group Ltd share price was 0p at 23.5p

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