Argo Blockchain PLC Welcomes 2020 With Notable Changes In Its Board Members And Mining Machines

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

Argo Blockchain PLC Welcomes 2020 With Notable Changes In Its Board Members And Mining Machines

  • The cryptocurrency firm Argo Blockchain PLC has brought significant changes in its board members at the beginning of this year.
  • Argo Blockchain PLC aims to be the world’s largest and most flexible crypto miner by 2020.
  • Argo has also managed to receive another 3,616 Bitmain Antminer T17 crypto mining machines which are to installing soon.

The cryptocurrency firm Argo Blockchain PLC has brought significant changes in its board members at the beginning of this year. Gil Penchina, one of its non-executive member, had been replaced by Ian Macleod, the executive of Canadian social networking services firm Teligence on 1 January 2020. 

Argo Blockchain PLC, a cryptocurrency mining company that headquartered in London, UK, holds over 3 million pounds in digital assets. They ensure low cost, reliable and consumer-friendly platforms for the mining of major cryptocurrencies. Their service is available at any place in the world on a monthly subscription. 

Argo Blockchain PLC aims to be the world’s largest and most flexible crypto miner by 2020. They provide data on crypto mining, computing or related hardware knowledge for mining cryptocurrencies like Bitcoin Gold, Ethereum, Ethereum Classic, and Zcash. The company received the opportunity to get listed on the primary market of the London Stock Exchange.

The company has scheduled its targets for 2020, starting with the plan to increase its production capacity to 17,000 by the first quarter of this year. They make significant investments in new mining machinery and technology to deliver higher returns and create greater values for shareholders in the long run. 

Argo has also managed to receive another 3,616 Bitmain Antminer T17 crypto mining machines which are to installing soon. They re expected to deliver a complete output next Friday. The devices that it had connected last year, 1,026 S17 Antminer machines, which established in May has provided full payback on their investment.

It anticipated that new installations would increase the production base of the company by 75%, while the 17,000 machines which are soon to installed will further accelerate the production base to 204%. Currently, there are only over 10000 machines, and the remaining 6,384 machined are now on order and expected to installed in batches from early January.

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