14th May 2021 09:27
(Alliance News) - Argo Blockchain PLC on Friday said it has signed the crypto climate accord in partnership with DMG Blockchain Solutions to promote the decarbonisation of the cryptocurrency industry.
The crypto climate accord is a private sector-led initiative. The cryptocurrency miner said, over the last few weeks, it has been working to ensure the accord's objectives promote reduction in overall emissions for the crypto industry.
"As more data continues to surface regarding Bitcoin and Bitcoin mining's impact on the environment, it's imperative that the industry takes real, tangible action," said Argo Chief Executive Peter Wall.
"The crypto climate accord helps lay the groundwork for that action and we are both eager and determined to ensure that Supporters and Signatories remain committed to the group's goals," added Wall.
Argo Blockchain shares were trading 11% higher in London on Friday morning at 149.25 pence each.
By Evelina Grecenko; [email protected]
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