1st Oct 2018 11:34
LONDON (Alliance News) - Argo Blockchain PLC said Monday that its sold packages rose tenfold to 4,200 after completing an expansion of its cryptomining services ahead of schedule.
"The strong customer take-up has also led to the enlarged capacity being immediately sold out, as anticipated by the company," Argo said.
At the beginning of September, Argo said it expanded its platform to support the "mass roll-out" of its cryptocurrency-mining-as-a-service offering.
During September, it also added Komodo and Horizen coins to its cryptocurrency mining platform, alongside Bitcoin Gold, Ethereum, Ethereum Classic and Zcash.
President Mike Edwards said: "We are delighted to achieve our first significant sales target ahead of our plans and the start of meaningful revenues for the company.
"The strong take-up of our service also indicates that demand of cryptomining services remains robust despite a recent downturn in the sector. We will continue to execute our growth strategy as quickly as possible to meet this pent-up demand."
The company completed its initial public offering in August.
Argo Blockchain shares were trading up 6.7% at 8.0 pence each.
Related Shares:
Argo Blockchai.