Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Argo Blockchain Purchases Two Data Centres By: Argo Blockchain via Business Wire May 13, 2021 at 07:00 AM EDT Argo Blockchain (LSE:ARB) (OTCQX: ARBKF), a global leader in cryptocurrency mining today announced that, further to the share purchase agreement with GPU.one announced on February 3, 2021, it has completed the acquisition of the two data centres in Quebec, Canada. The acquisition is part of the company’s strategy to increase control over the mining facilities in which its machines are hosted, with a view to providing the company with long term stability. The data centres have a combined total of 20MW of power capacity and currently house a significant proportion of Argo's cryptocurrency mining equipment. The data centres are powered almost entirely by electricity generated from hydro power, which is a key part of the company’s green mining vision. The consideration for the acquisition was mainly non-cash consisting of the assumption of existing bank obligations related to these facilities and the application of a previously paid deposit. Peter Wall, Chief Executive of Argo, said: “Argo's purchase of data centres in Canada represents another milestone for the Company as we seek to take greater control over our mining production and mining cost base, while also laying solid foundations for long-term growth.” About Argo: Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF. argoblockchain.com View source version on businesswire.com: https://www.businesswire.com/news/home/20210513005498/en/Contacts North America Wachsman argo@wachsman.com Tel: +1-212-835-2511 Europe Emma Valgimigli emma@tancredigroup.com Tel: +44 7727 180 873 Salamander Davoudi salamander@tancredigroup.com Tel: +44 7957 549 906 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Argo Blockchain Purchases Two Data Centres By: Argo Blockchain via Business Wire May 13, 2021 at 07:00 AM EDT Argo Blockchain (LSE:ARB) (OTCQX: ARBKF), a global leader in cryptocurrency mining today announced that, further to the share purchase agreement with GPU.one announced on February 3, 2021, it has completed the acquisition of the two data centres in Quebec, Canada. The acquisition is part of the company’s strategy to increase control over the mining facilities in which its machines are hosted, with a view to providing the company with long term stability. The data centres have a combined total of 20MW of power capacity and currently house a significant proportion of Argo's cryptocurrency mining equipment. The data centres are powered almost entirely by electricity generated from hydro power, which is a key part of the company’s green mining vision. The consideration for the acquisition was mainly non-cash consisting of the assumption of existing bank obligations related to these facilities and the application of a previously paid deposit. Peter Wall, Chief Executive of Argo, said: “Argo's purchase of data centres in Canada represents another milestone for the Company as we seek to take greater control over our mining production and mining cost base, while also laying solid foundations for long-term growth.” About Argo: Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF. argoblockchain.com View source version on businesswire.com: https://www.businesswire.com/news/home/20210513005498/en/Contacts North America Wachsman argo@wachsman.com Tel: +1-212-835-2511 Europe Emma Valgimigli emma@tancredigroup.com Tel: +44 7727 180 873 Salamander Davoudi salamander@tancredigroup.com Tel: +44 7957 549 906
Argo Blockchain (LSE:ARB) (OTCQX: ARBKF), a global leader in cryptocurrency mining today announced that, further to the share purchase agreement with GPU.one announced on February 3, 2021, it has completed the acquisition of the two data centres in Quebec, Canada. The acquisition is part of the company’s strategy to increase control over the mining facilities in which its machines are hosted, with a view to providing the company with long term stability. The data centres have a combined total of 20MW of power capacity and currently house a significant proportion of Argo's cryptocurrency mining equipment. The data centres are powered almost entirely by electricity generated from hydro power, which is a key part of the company’s green mining vision. The consideration for the acquisition was mainly non-cash consisting of the assumption of existing bank obligations related to these facilities and the application of a previously paid deposit. Peter Wall, Chief Executive of Argo, said: “Argo's purchase of data centres in Canada represents another milestone for the Company as we seek to take greater control over our mining production and mining cost base, while also laying solid foundations for long-term growth.” About Argo: Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF. argoblockchain.com View source version on businesswire.com: https://www.businesswire.com/news/home/20210513005498/en/
North America Wachsman argo@wachsman.com Tel: +1-212-835-2511 Europe Emma Valgimigli emma@tancredigroup.com Tel: +44 7727 180 873 Salamander Davoudi salamander@tancredigroup.com Tel: +44 7957 549 906