Crypto Mining Firm Argo To Add Bitcoin To Its Cloud Mining Service

News | October 15, 2018 By:

Crypto mining firm Argo is planning to list bitcoin (BTC) on its platform on November 1.

Founded in 2017, Argo is a global data center management business that provides a platform for crypto mining. The firm provides immediate access to mining rigs, which seamlessly perform complex crypto mining operations for users and then directly deposit all coins mined into users’ digital wallets. Its customers are currently able to mine Bitcoin Gold, ethereum, Ethereum Classic, Zcash, Komodo and Horizen through its monthly subscription service.

The decision to support bitcoin was made in response to consumer demand. Mike Edwards, president and co-founder of Argo, said that the move is yet another step towards Argo’s long-term goal to become “the leading global provider of easy-to-use and transparent crypto-mining services” for the general public.

“We are delighted to announce the addition of bitcoin to our platform,” said Edwards. “We have seen strong demand for bitcoin and our growth strategy is customer-led. We look forward to offering even more choice as demand grows and we invest in our platform.”

In August, Argo raised £25 million ($32M USD) through its initial public offering (IPO) on the London Stock Exchange (LSE), £5 million ($6.5M) more than its initial goal of £20 million. Since the IPO, the company claims that it has seen a ten-fold increase in the number of subscriptions sold.