Argo Blockchain PLC Announces 2021 Sustainability Report

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

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

The report outlines plenty 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 car fleets at our websites;

● Most of Argo’s GHG emissions would fall beneath Scope 2. Whereas the vast majority of Argo’s energy comes from clear vitality, Renewable Power Credit (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 gasoline and energy-related actions. Verifiable Emissions Reductions (VERs) are bought for all Argo actions in its worth chain, and the Firm will buy extra VERs to keep up its local weather constructive standing.

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

“We’re happy to supply this report that highlights the progress we have made in our dedication to sustainability and Argo’s local weather technique, and plan to keep up our local weather constructive standing,” mentioned Peter Wall, Chief Govt Officer of Argo. “For our staff, sustainability is integral to our enterprise mannequin. This report highlights Argo’s deal with bettering mining efficiencies, decreasing our influence on the planet, and growing our general productiveness.”

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About Argo:
Argo Blockchain plc is a dual-listed (LSE:ARB); (NASDAQ:ARBK) blockchain expertise 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 world, sustainable operations are predominantly powered by renewable vitality. In 2021, Argo grew to become the primary local weather constructive cryptocurrency mining firm, and a signatory to the Crypto Local weather Accord. Argo additionally participates in a number of Internet 3.0, DeFi and GameFi initiatives by 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.

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SOURCE: Argo Blockchain PLC