New RNS

Argo is pleased to announce that it has entered into a £18.05 million* (US $25m) agreement with a maturity date of 29 Oct 2021 with Galaxy Digital LP, using a portion of Argo’s BTC holdings as collateral.

*Exchange rate calculated at 9 Sept 2021.

#ARB $ARBKF

1/ Argo’s outstanding loan with Galaxy Digital of £14 million** (US $20m) will be rolled into the new loan agreement, resulting in a total outstanding principal amount of £32.05 million (US $45m).

**Exchange rate calculated at 28 June 2021.

#ARB $ARBKF

2/

1/ New RNS: Argo is pleased to announce it has signed a commercial agreement with @ePICBlockchain, a supplier of industry-leading ASIC machines, which will allow Argo priority access to state-of-the-art mining rigs.

#ARB $ARBKF 2/ Argo has committed to an initial purchase of US $8m of rigs and will have priority on all future production runs of ePIC machines for 2021 and 2022. Delivery of the machines will begin in early Q4, 2021.

#ARB

1/ New RNS release:

Argo is pleased to announce it has entered into a non-binding LOI with DPN LLC to acquire 320 acres of land in West Texas with access for up to 800mw of power where Argo intends to build a 200mw mining facility in the next 12 months.

#ARB $ARBKF
#BTC 2 /

When completed, this facility will provide Argo with electricity at some of the lowest rates in the world with the majority from renewable sources.

#ARB $ARBKF
#BTC

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 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

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