Argo Blockchain PLC Argo launches the first clean energy mining pool (5673T)
March 26 2021 - 2:00AM
UK Regulatory
TIDMARB
RNS Number : 5673T
Argo Blockchain PLC
26 March 2021
26 March 2021
Argo Blockchain PLC
("Argo" or the "Company")
Argo partners with DMG Blockchain Solutions to launch
the first clean energy Bitcoin mining pool
Argo, a global leader in cryptocurrency mining (LSE: ARB), is
pleased to announce it has signed a M emorandum of Understanding
('MoU') with DMG Blockchain Solutions ('DMG'), a blockchain and
cryptocurrency technology company, to launch the first Bitcoin
mining pool powered exclusively by clean energy.
Under the terms of the MoU, Argo and DMG will jointly launch
Terra Pool, a Bitcoin mining pool powered by clean energy. This
pool will initially consist of both Argo's and DMG's hashrate which
is mostly generated by hydroelectric resources.
Terra Pool represents the first ever opportunity for the
creation of 'green bitcoin'. The initiative aims to expedite the
shift from conventional power to clean energy and reduce the impact
of Bitcoin mining on the environment. The mining pool will provide
a platform for cryptocurrency miners to produce Bitcoin and other
cryptocurrencies in a sustainable way.
Peter Wall, Chief Executive of Argo Blockchain, said:
"Addressing climate change is a priority for Argo and partnering
with DMG to create the first 'green' Bitcoin mining pool is an
important step towards protecting our planet now and for
generations to come. We are hopeful other companies within the
Bitcoin mining industry follow in our footsteps to demonstrate
broader climate consciousness."
Dan Reitzik, Chief Executive of DMG, said: "DMG's increased
innovative strength and continued focus on eco-friendly Bitcoin
mining has the opportunity to drive transformations in how the
Bitcoin mining community acts towards a climate-conscious future.
DMG's ongoing commitment to clean energy-based capital deployment
is a key industry development. We believe this is an opportunity
for continued growth as we develop a better understanding of
climate-friendly operations while simultaneously integrating the
newest and most innovative blockchain technologies."
For further information please contact:
Argo Blockchain
Peter Wall via Tancredi +44 203 434 2334
Chief Executive
Ian MacLeod
Executive Chairman
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About Argo Blockchain Plc
Argo Blockchain plc is a global leader in cryptocurrency mining
with one of the largest and most efficient operations powered by
clean energy. The Company is headquartered in London, UK and its
shares are listed on the Main Market of the London Stock Exchange
under the ticker: ARB and on the OTCQX Best Market in the United
States under the ticker: ARBKF.
For more information on Argo Blockchain visit:
www.argoblockchain.com
About DMG Blockchain Solutions Inc.
DMG is an environmentally friendly vertically integrated
blockchain and cryptocurrency company that manages, operates, and
develops end-to-end digital solutions to monetize the blockchain
ecosystem. DMG's sustainable businesses are segmented into three
main divisions: data centre operations, data analytics and
forensics and developing enterprise blockchains. DMG's
non-polluting data centre operations focus on earning eco-friendly
revenues from block rewards and transaction fees by mining
primarily bitcoin as well as providing hosting services for
industrial mining clients entirely powered by renewable energy.
DMG's data analytics and forensic services provide technical
expertise software products such as Blockseer Pool, Mine Manager
and Walletscore, as well as working with auditors, law firms, and
law enforcement organizations. DMG's permissioned blockchain
technology is focused on developing enterprise software for the
supply chain management of controlled products. DMG's strategy is
to become the domain experts across the business verticals it
focuses on. DMG's environmentally committed management team
includes seasoned crypto experts, forensic & financial
professionals and blockchain developers with deep relationships
throughout the industry and a strong ecological consciousness.
For more information on DMG Blockchain Solutions visit:
www.dmgblockchain.com
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