Argo is a London-based bitcoin cloud mining service provider.
Starting with 4,200 packages sold up to October 1st, the growth was 146% and brought the total number of packages sold to date to 10,325, thanks to a new lot sold immediately at the time of the market launch.
The estimate of the current annualized run-rate is about 6.2 million dollars, increasing from the €0.26 million at the time of listing on the stock exchange in London in August 2018.
As of November 30th, net liquidity amounted to approximately £15 million.
Mike Edwards, co-founder and director of Argo, said:
“Argo has come a long way since its inception only a year ago. Despite a recent downturn in the cryptocurrency market, we are continuing to experience a strong ramp-up in revenues due to good execution of our growth strategy. Our mining packages are being snapped up as quickly as we make these available and demand continues to exceed supply. With a strong balance sheet and prudent management of our investment in growth, Argo’s long-term prospects remain bright and we look to the future with confidence”.
Argo Blockchain plc (ARB) is a company listed on the London Stock Exchange’s main market. It operates data centres offering low and flexible costs and a user-friendly mining platform for the main cryptocurrencies.
The Mining as a Service (MaaS) platform is available on a large scale which also provides users without computer skills the complex and expensive hardware with which to mine Bitcoin, Bitcoin Gold, Ethereum, Ethereum Classic, Zcash, Horizen and Komodo.
The company’s headquarters are in London, while the data centres are in Quebec, Canada.