Big news: we have successfully expanded our mining capacity while also improving our mining margins.
4,500 new rigs - 430 PH - coming to our fleet, Q1 2020!
New deals signed for hosting with @_CoreScientific and @CelsiusNetwork as our financing partner.
#btc🚀
#arb
1/6
4,500 new rigs - 430 PH - coming to our fleet, Q1 2020!
New deals signed for hosting with @_CoreScientific and @CelsiusNetwork as our financing partner.
#btc🚀
#arb
1/6
Argo has entered into a lease with @CelsiusNetwork for 4,500 Bitmain Antminer S19 and S19 pro miners for a term of 24 mths.
Celsius is a great partner - they currently have over US$1.8B worth of AUM.
The mining machines are valued at over US$10m.
#ARB
2/6
Celsius is a great partner - they currently have over US$1.8B worth of AUM.
The mining machines are valued at over US$10m.
#ARB
2/6
The 4,500 new machines will be hosted by @Core_Scientific, which will provide physical hosting and access to electrical power at Core’s existing facilities in the US. The partnership enables Argo to gain access to extremely competitive rates on hosting and power.
#ARB
3/6
#ARB
3/6
Peter Wall, Argo CEO: “We are delighted to partner with Celsius and Core Scientific as we pursue our growth plans. These agreements allow us to secure very competitive terms on both new mining equipment and hosting costs."
#ARB
4/6
#ARB
4/6
Alex @Mashinsky CEO @CelsiusNetwork : “We're excited to provide financial backing to enable Argo to help secure the BTC network. Mining is an important part of how BTC maintains its store of value and we're happy to support one of the best operators in the industry."
#ARB
5/6
#ARB
5/6
Correction: 4,500 rigs installed in Q1 2021, not 2020.
Our apologies - been a busy week.
Our apologies - been a busy week.
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