SEC Filing Reveals Bitcoin Miner, Argo Blockchain, Purchased 172.5 BTC ($6M) In January


  • Argo Blockchain holds a total of 501 Bitcoin in its coffers as part of its asset management strategy.

U.K.’s leading Bitcoin mining firm, Argo, purchased 172.5 BTC in the past month to bring its total BTC (or its equivalent) portfolio to 501 BTC, or approximately $18.37 million at current prices. According to a public statement from the company, the additional BTC were purchased in the second half of January anywhere between the $30,000 lows and $36,000 highs recorded during that time.

In January, Argo added to its crypto portfolio by adding 93 mined BTC (or equivalents), a slight drop from the 96 BTC mined in December. Argo's total mining capacity is currently 787 petahash (SHA-256) in addition to 280 Megasols of equihash mining capacity.

The statement further confirms a Share Purchase Agreement with GPU.one, the Canadian data center provider, for the strategic purchase of two data centers in Quebec, which house some of Argo’s mining equipment. The acquisition aims at providing Argo with long term stability and direct control over the facilities. Peter Wall, Chief Executive of Argo, said,

“I am thrilled that Argo has delivered our best month in the company's history in both mining revenue and profits. The year has started very strong.”

“I'm also pleased we have signed the Share Purchase Agreement with GPU.one, an important step in us closing this transaction and taking over those facilities ourselves.”

Across 2019, Argo Blockchain significantly increased its hashing power by adding over 30,000 PoW miners in its facilities and 10,000 more in 2020.

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