22nd Feb 2021 13:32
Argo Blockchain PLC - UK-based cryptocurrency miner - Signs a commercial agreement with ePIC Blockchain Technologies, a supplier of ASIC mining machines which will allow Argo priority access to state-of-the-art ASIC mining rigs. The companies will also work together throughout the development process to build machines specifically to Argo's specifications. As part of the agreement, Argo says it has committed to an initial purchase of USD8 million of ePIC's mining rigs and will have priority on all future production runs of ePIC machines globally for 2021 and 2022. Expected delivery of the machines will begin in early the final quarter of 2021.
"With the expertise of ePIC on the chip side combined with the mining capabilities of Argo, we truly believe this will enable us to be at the cutting edge of mining, from chip to data centre," says Argo Chief Technical Officer Perry Hothi.
Current stock price: 255.11 pence, down 9.5% on Monday
Year-to-date change: up from 33p at the end of 2020
By Evelina Grecenko; [email protected]
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