StockNews.AI
ARBK
StockNews.AI
176 days

Argo Blockchain PLC Announces Hosting Update

1. Argo Blockchain ups hosting capacity to 8,113 S19J Pro miners in Memphis. 2. Deployment scheduled for Feb-March with a one-year term shifting from Helios.

2m saved
Insight
Article

FAQ

Why Bullish?

The expanded capacity signals improved hash rate and revenue potential, much like past miner capacity upgrades that enhanced production margins in similar firms.

How important is it?

Increasing its hosted mining capacity by nearly 50% suggests enhanced operational efficiency and revenue potential, though its effect will materialize gradually.

Why Long Term?

A one-year deployment indicates sustained, strategic operational gains rather than a short-term catalyst; similar long-term capacity investments have historically boosted earnings over time.

Related Companies

RIOTHIVE
LONDON, UNITED KINGDOM / ACCESS Newswire / February 24, 2025 / Argo Blockchain plc (LSE:ARB)(NASDAQ:ARBK) is pleased to announce that it has amended its hosting arrangement with Merkle Standard LLC ("Merkle") to host a total of 8,113 S19J Pro miners at Merkle's Memphis, Tennessee location, up from the initial 5,293 reported in January. These miners, previously hosted by the Company at Helios, will be deployed during the months of February and March for a minimum one year term.

Related News