Argo Blockchain expands mining operations: 8,113 Miners for Publishing in Tennessee

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Argo Blockchain expands mining operations: 8,113 Miners for Publishing in Tennessee

Please Blockchain (LSE: Arb) (NASDAQ: Arbk) has expanded the arrangement of hosting with Merkel standard Increase the number of S19J Pro miners that will be hosted in the Merkle’s Memphis, Tennessee location from 5,293 to 8,113 miners. Publishing will occur during February and March 2025 for a period of not less than one year.

In addition, 2500 S19J Pro Miners will be hosted in Argo’s Baie Comyu, Quebec facility where the capacity is available. By the end of March, approximately 46 % of 23,000 miners that have previously hosted in Helios will be operated. The company expects to increase its fragmentation steadily during February and March with the continued renewal process.

ARGO currently conducts discussions on hosting arrangements for the remaining Doom and will make updates when making progress.

positive

Increased hosting capacity from 5,293 to 8,113 miners at the Merkel facility

46 % of the former Helios miners to be operated by March 2025

The expected increase in retail during February and March

negative

54 % of Helios miners still need hosting arrangements

The publication and renewal process continues, which affects the current operations

Visions

This operating update indicates a systematic but incomplete recovery of ARGO mining capabilities. The extensive hosting arrangement with Merkle Standard A represents 53 % increase In miners published on the Memphis site, indicating improving the implementation of their restructuring strategy. However, with only 46 % operation of their fleet that Helios was previously hosted by March, the large operational capacity is still not connected.

The geographical diversification of Tennessee and Kepeck shows opportunities and challenges. Historically low electricity costs in Quebec and a cold climate can provide operational advantages, while Tennessee provides proximity to the main energy infrastructure. However, spreading the division through multiple sites may provide additional operating complexity and high management costs.

Critical consideration is the schedule for publishing the remainder 54 % of the mining fleet. The stretching period of partial publication can significantly affect the capabilities of revenue generation, especially during a period of increasing network and advanced market conditions. The minimum period for one year with Merkle indicates a focus on operational stability, but also raises questions about flexibility in responding to market changes.

The renovation process mentioned in the advertisement adds another layer of complexity. Although it is necessary for optimal performance, it may affect the immediate retail rate of miners who have been published and influence the short -term mining efficiency. The gradual increase in retail during February and March indicates a cautious approach to re -publication, which gives priority to operational stability to restore immediate capabilities.

02/24/2025 – 02:00 AM

London, UK / Access to Newour / February 24, 2025 / Argo Blockchain PLC (LSE: Arb) (NASDAQ: Arbk) is pleased to announce that it modified the arrangement of hosting with Merkle Standard LLC (“” Merkle “) to host a total of 8,113 S19j Pro Miners in Merkle’s Memphis, Tennsee Location, Up, Up of The first 5,293 was reported in January. These mine workers, previously hosted in Helios, will be published during February and March for a period of not less than one year. As was previously revealed, 2500 S19J Pro Miners will be hosted in Baie Comyu, Quebec facility where the company is currently enjoying a capacity available.

By the end of March, after these publishing operations, the company expects 46 % Among the about 23,000 mines previously hosted in Helios to be operation.

With the current renovation process and hosting hosting arrangements in place, the Argo’s fragmentation is expected to increase steadily during the February and March months. Continuous discussions to host the remaining miners, and the company will update the market on other installation plans when making progress.

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About please:

Argo Blockchain PLC is a Blockchain technology company listed in the dual menu (LSE: Arb; Nasdaq: Arbk) focusing on wide currency mining. With a mining facility in Quebec and offices in the United States, Canada and the United Kingdom, the global and sustainable operations in ARGO are often supported by renewable energy. In 2021, ARGO became the first positive mining company for encrypted currency, signing the Crypto Climate Agreement. For more information, please visit www.argoblockchain.com.

This information is provided by RNS, news service on the London Stock Exchange. RNS was approved by the Financial Conduct Authority to work as a provider of initial information in the UK. Conditions and conditions related to the use and distribution of this information may apply. For more information, please call RNS@LSEG.com Or visit www.rns.com.

source: Argo Blockchain Plc

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