24th Jun 2020 14:41
Argo Blockchain PLC - UK-based enterprise-scale crypto miner - Buys 750 Bitmain Z11 mining units for USD474,000 to add to its existing 1,000 Bitmain Z11 mining units currently in production. The additional 750 units went into production immediately at the time of acquisition - being Friday last week - and are currently running at full capacity. The purchase of these machines was completed using a combination of cash from operations and arm's length financing. Argo expects to recoup the cost of this investment in eight months.
Current stock price: 4.13 pence
Year-to-date change: down 30%
By Evelina Grecenko; [email protected]
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