Argo Adds Bitcoin (BTC) Mining To Its Portfolio

A United Kingdom-based mining services provider, Argo, has formally announced its plan to list Bitcoin (BTC) on its platform. It appears the listing will start from November 1st, 2018. Indeed, this move became necessary following endless customer requests to list the cryptocurrency on the platform. This latest addition brings the total number of virtual currencies available to subscribers to seven. Looking at the current MCAP of Bitcoin, it hovers around $108B USD. Before now, customers could merely mine Bitcoin Gold, Komodo, Ethereum, Horizen, Ethereum Classic, and Zcash. Subscribers enjoy this service through a mining-as-a-Service (MaaS) software via monthly subscription.

Portfolio Expansion

Now, the mining firm has the capacity to add BTC because it has successfully expanded its mining platform. Roughly 4,200 subscribers around the world use the services. This feat marks a significant increase in the company’s revenue since its Initial Public Offering (IPO) ended in August 2018. During the IPO, Argo successfully raised $32M USD. Looking at the background information of the company, Argo Blockchain PLC specializes in managing data through its data centers. Certainly, this is with the purpose of mining major cryptocurrencies. With a monthly subscription package, users can enjoy its MaaS-based services. Furthermore, the uniqueness of the service lies in the fact that it is capable of giving inexperienced miners the opportunity to mine a wide range of leading cryptocurrencies.

More about Argo

Customers who feel less tech-savvy might find appeal to join Argo to mine Bitcoin Gold, Komodo, Ethereum, Horizen, Ethereum Classic, and Zcash. Now, they can mine Bitcoin, starting from November 1st. Its headquarters is in London with another state-of-the-art center in Quebec, Canada. Actually, the choice of Quebec was due to cheap energy. Also, the cold climate of Quebec allows countless clients to simultaneously run their nodes, thus saving on heat extraction costs.

Argo’s shares are on the London Stock Exchange under the ticker ARB. In fact, the company has a vision of becoming the most trusted and transparent provider of mining services. While guaranteeing trusted and transparent mining services, it targets both experienced and inexperienced miners. In addition, in a video the firm posted online, it says that they can make a greenhorn a good Bitcoin miner in a matter of 5 minutes.

Official Remarks

The President and Co-Founder, Mike Edwards, pointed out that the addition of Bitcoin is in line with Argo’s drive to become a leading provider of easy-to-use and transparent software mining service for the general public. Speaking further, he noted that Argo has noticed a high demand for Bitcoin and that its growth strategy is customer-driven. Lastly, he disclosed that Argo looks forward to adding more cryptocurrencies to its platform.

Risk Disclosure

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