Argo is pleased to provide the following operational update for January.

-Mined 93 BTC or equivalent
-Mining revenue of £2.48m (Dec 2020: £1.63m)
-Average monthly mining margin of approx 71% (Dec 2020: 60%)

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At the end of Jan, Argo held 501 BTC. In the second half of Jan, Argo purchased a total of 172.5 BTC as part of its asset management strategy. Argo’s total mining capacity is currently 787 petahash (SHA-256) in addition to 280 Megasols of equihash mining capacity.
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Argo is also pleased to announce that its subsidiary, Argo Innovations Labs Inc. (“Argo”), has signed a Share Purchase Agreement with http://GPU.one , the Canadian data centre provider, for the strategic purchase of the two data centres in Quebec.

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These facilities are currently owned/operated by http://GPU.one  and house a portion of Argo's crypto mining equipment. These centres have a combined total of 20MW of power capacity, and will provide long term stability and direct control over them.

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Subject to a number of conditions, Argo expects the purchase to close in the coming weeks, and that the purchase will be funded out of Argo’s existing deposits with http://GPU.one , along with a small cash consideration.

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@PeterGWall, CEO: “Argo has delivered our best month in our history in both mining revenue and profits. I’m also pleased we signed the Share Purchase Agreement with GPUone, an important step in closing this transaction, and taking over those facilities ourselves.”
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