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Argo Blockchain Installs 4,500 Crypto Mining Machines From Celsius Network
Argo Blockchain said it installed 4,500 cryptocurrency mining machines from Celsius Network.
U.K.-listed Argo Blockchain (LON: ARB) said it has installed 4,500 cryptocurrency mining machines from Celsius Network.
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- Announced in a news release by the London Stock Exchange Friday, the cryptocurrency mining firm said the Bitmain Antminer S19 and S19 pro miners have been installed and are now operational.
- The installation has added 430 petahash to the company's installed computing power and is consuming approximately 15 megawatts of electricity, said the firm.
- "We are delighted with the addition of these machines and believe that this installation will help Argo maintain its position at the forefront of mining efficiency," said Peter Wall, chief executive of Argo Blockchain.
- This is the final delivery of Antminers under Argo's lease with Celsius Network.
Read more: Argo Blockchain Gets Priority Access to ePIC’s Bitcoin Miner Production, Starts With $8M Buy
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
