Argo Blockchain PLC Argo Appoints Guidehouse Climate Strategy Advisor (2195U)
April 01 2021 - 1:00AM
UK Regulatory
TIDMARB
RNS Number : 2195U
Argo Blockchain PLC
01 April 2021
01 April 2021
Argo Blockchain PLC
('Argo' or 'the Company')
Argo Appoints Guidehouse as Climate Strategy Advisor
Argo Blockchain, a global leader in cryptocurrency mining (LSE:
ARB), is pleased to announce it has engaged Guidehouse, a leading
consultancy and solutions provider, to research and advise on
science-based solutions towards Argo's long-term strategy to
eliminate its climate impact. This work will include providing a
full climate action plan to achieve Argo's goal of becoming a net
zero greenhouse gas (GHG) company.
Argo believes there is a duty to act responsibly and minimise
its impact on the climate and reduce its GHG footprint. While the
Company's Quebec facilities are powered using renewable energy and
its partner data centres are purposefully located in regions where
the grid is shifting to renewables, Argo feels it must go further
and wants to set a precedent for the cryptocurrency sector. Last
week, Argo announced, in partnership with DMG, the first Bitcoin
mining pool powered by clean energy. With Guidehouse, Argo is
actively researching numerous strategies to be a climate friendly
cryptocurrency miner.
Guidehouse combines its depth of expertise as a global
sustainability leader with its extensive experience providing
advisory services to the technology industry. This uniquely
positions Guidehouse as a critical partner in providing Argo with
strategic recommendations to become net zero without inhibiting
mining operations. This will help Argo thrive in the rapidly
changing energy environment.
Peter Wall, Chief Executive of Argo Blockchain, said: "We are
delighted to be working with Guidehouse to assess the options
available in order to achieve our goal of becoming net zero and a
climate friendly cryptocurrency miner. At Argo, we pride ourselves
on being pioneers within this hugely exciting sector, and we aim to
become the gold standard for other miners to ensure we are doing
everything we can to secure a sustainable future for generations to
come."
For further information please visit www.argoblockchain.com or
contact:
Argo Blockchain
Peter Wall via Tancredi +44 203 434 2334
Chief Executive
Ian MacLeod
Executive Chairman
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About Argo:
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.
argoblockchain.com
About Guidehouse:
Guidehouse is a leading global provider of consulting services
to the public and commercial markets with broad capabilities in
management, technology, and risk consulting. We help clients
address their toughest challenges and navigate significant
regulatory pressures with a focus on transformational change,
business resiliency, and technology-driven innovation. Across a
range of advisory, consulting, outsourcing, and digital services,
we create scalable, innovative solutions that prepare our clients
for future growth and success. The company has more than 9,000
professionals in over 50 locations globally. Guidehouse is a
Veritas Capital portfolio company, led by seasoned professionals
with proven and diverse expertise in traditional and emerging
technologies, markets, and agenda-setting issues driving national
and global economies.
For more information, please visit: www.guidehouse.com .
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