Crypto Mining Company Argo Blockchain Adds Two New Cryptocurrencies To Platform
15:49, 7th January 2019

Crypto mining platform Argo Blockchain (ARB) today announced it has added two new coins to its platform.

The two new coins are Komodo and Horizen, and takes Argo’s total number of available cryptocurrencies to six - joining Bitcoin Gold, Ethereum, Ethereum Classic and Zcash.

The coins were added “following strong customer demand” from its community and will be available to mine from 1st October.

Argo is a company that makes it possible for people to mine cryptocurrencies at home.

In June 2018, the UK - Canadian company released a crypto-mining service that enables people who don’t have extensive computer skills to be able to mine cryptocurrencies.

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On 3rd August, the company listed on the Main Market of the London Stock Exchange, raising £25m.

The addition of the new coins comes after the expansion of Argo’s mining platform with ASIC-based hardware that delivers greater energy efficiency and allows Argo to add more alt-currencies to the platform.

Mike Edwards, President and co-founder of Argo said: "The addition of these currencies is a further step in Argo’s long-term goal to become a leading global provider of an easy-to-use and transparent crypto-mining service for the general public. 

“Our growth strategy is customer-led and we look forward to offering even more choice as demand grows and we invest in our platform.”

The cloud-based platform is available on both a “pay what you want” model and a subscription basis, which starts at £18 per month.

The company is headquartered in London, but the mining operations are currently based in Quebec and China, Argo owning seven racks each comprised of 10 servers with eight GPUs per server.

Read more about the crypto mining platform in the July edition of IPO Watch below:

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