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HomeBlockchainArgo Blockchain PLC Pronounces 2021 Sustainability Report

Argo Blockchain PLC Pronounces 2021 Sustainability Report

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LONDON, UK / ACCESSWIRE / August 18, 2022 / Argo Blockchain PLC (“Argo” or “the Company”), a world chief in cryptocurrency mining (LSE:ARB); (NASDAQ:ARBK), is happy to announce the discharge of its 2021 Sustainability Report and that the Company is sustaining its local weather optimistic standing. The report gives an outline of the Company’s climate-related efficiency since its 2020 Climate Strategy Report was revealed in August 2021.

With the purpose of updating Argo shareholders on the Company’s sustainability progress, this report can be revealed yearly and serves as additional proof of Argo’s dedication to its local weather optimistic technique.

The report outlines a variety of important milestones Argo has reached on this respect, which embrace:

● No Scope 1 emissions are produced as Argo doesn’t have energy technology or automobile fleets at our websites;

● Most of Argo’s GHG emissions would fall below Scope 2. While nearly all of Argo’s energy comes from clear vitality, Renewable Energy Credits (RECs) are bought at Argo-owned or hosted amenities for emissions created by electrical energy use; and

● Scope 3 GHG emissions primarily come from upstream emissions from capital items bought, in addition to gas and energy-related actions. Verifiable Emissions Reductions (VERs) are bought for all Argo actions in its worth chain, and the Company will buy extra VERs to keep up its local weather optimistic standing.

Looking forward, Argo will proceed to prioritize sustainability, which is demonstrated by the Company’s ongoing and deliberate initiatives in vitality effectivity, lowering e-waste, use of waste warmth in partnership with native municipalities, and supporting the crypto mining trade with sustainability requirements. In doing so, Argo hopes that different gamers within the crypto and Bitcoin mining house will be part of the mission.

“We are pleased to provide this report that highlights the progress we’ve made in our commitment to sustainability and Argo’s climate strategy, and plan to maintain our climate positive status,” mentioned Peter Wall, Chief Executive Officer of Argo. “For our team, sustainability is integral to our business model. This report highlights Argo’s focus on improving mining efficiencies, reducing our impact on the planet, and increasing our overall productivity.”

For additional data please contact:

Argo Blockchain

Peter Wall
Chief Executive

through Tancredi +44 203 434 2334

finnCap Ltd

Corporate Finance
Jonny Franklin-Adams
Tim Harper

Joint Corporate Broker
Sunila de Silva

+44 207 220 0500

Tennyson Securities

Joint Corporate Broker
Peter Krens

+44 207 186 9030

OTC Markets

Jonathan Dickson
[email protected]

+44 204 526 4581
+44 7731 815 896

Tancredi Intelligent Communication
UK & Europe Media Relations

Emma Valgimigli
Fabio Galloni-Roversi Monaco
Nasser Al-Sayed
[email protected]

+44 7727 180 873
+44 7888 672 701
+44 7915 033 739

About Argo:
Argo Blockchain plc is a dual-listed (LSE:ARB); (NASDAQ:ARBK) blockchain know-how firm centered on large-scale cryptocurrency mining. With its flagship mining facility in Texas, and workplaces within the US, Canada, and the UK, Argo’s international, sustainable operations are predominantly powered by renewable vitality. In 2021, Argo grew to become the primary local weather optimistic cryptocurrency mining firm, and a signatory to the Crypto Climate Accord. Argo additionally participates in a number of Web 3.0, DeFi and GameFi initiatives by way of its Argo Labs division, additional contributing to its enterprise operations, in addition to the event of the cryptocurrency markets. For extra data, go to www.argoblockchain.com.

This data is offered by RNS, the information service of the London Stock Exchange. RNS is authorized by the Financial Conduct Authority to behave as a Primary Information Provider within the United Kingdom. Terms and circumstances regarding the use and distribution of this data might apply. For additional data, please contact [email protected] or go to www.rns.com.

SOURCE: Argo Blockchain PLC

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