RATE Group | Argo Blockchain PLC boosts cryptocurrency mining capacity with tech upgrade
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Argo Blockchain PLC boosts cryptocurrency mining capacity with tech upgrade

06 Sep Argo Blockchain PLC boosts cryptocurrency mining capacity with tech upgrade

Posted at 09:08h in Cryptocurrency News by

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() has significantly increased its cryptocurrency mining capacity through the introduction of new server technology.


Use of the upgraded ASIC servers will enable Argo to support 3,000 new subscribers or seven times more than its existing installed capability.


READ: Argo Blockchain founders inspired by the success of Netflix and Amazon Web Services


“This is a potentially game-changing development and we want to be early movers in deploying this hardware,” said Mike Edwards, Argo’s President and co-founder.


The recent London listee will start a mass roll-out of its cryptocurrency mining-as-a-service later this month.


Argo has waiting list of more than 50,000 registered potential users and expects to start adding customers to the new platform shortly.


It will be one of the first mining-as-a-service (MaaS) companies in the world to deploy this new ASIC technology, which will also allow a wider choice of cryptocurrencies.


At present,…

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