The company’s mining fleet primarily comprises Bitmain Antminer S19, S19 Pro, S19J Pro, MicroBT M60S, Antminer Z11, and ePIC BlockMiners ASIC machines designed for cryptocurrency mining. As of December 31, 2025, the active fleet included 21,230 ASIC-based miners. Mined cryptocurrency assets are typically sold weekly through over-the-counter trading desks and exchanges believed to be appropriately licensed and regulated. Bitcoin holdings are maintained by the company’s custodian. The company allocates 100% of its hash power to third-party mining pools, including Luxor Pool, selecting pools based on net payout per petahash contributed. Mining pools charge fees generally below 2% per reward earned and carry risks such as operational disruption and financial solvency. The company monitors pool performance and can switch pools promptly if necessary. It faces competition from companies involved in purchasing and hosting mining machines, accessing low-cost renewable power, and developing blockchain technologies. The company competes based on operational efficiency, hashrate, reliable low-cost renewable power, and innovation, employing a strategy that balances owned and operated facilities with third-party sites and renewable power access. Suppliers referenced include Bitmain, ePIC BlockMiners, Luxor Pool, and MicroBT.
Argo Blockchain Plc's Comment on Supply Chain
The company’s mining fleet primarily comprises Bitmain Antminer S19, S19 Pro, S19J Pro, MicroBT M60S, Antminer Z11, and ePIC BlockMiners ASIC machines designed for cryptocurrency mining. As of December 31, 2025, the active fleet included 21,230 ASIC-based miners. Mined cryptocurrency assets are typically sold weekly through over-the-counter trading desks and exchanges believed to be appropriately licensed and regulated. Bitcoin holdings are maintained by the company’s custodian. The company allocates 100% of its hash power to third-party mining pools, including Luxor Pool, selecting pools based on net payout per petahash contributed. Mining pools charge fees generally below 2% per reward earned and carry risks such as operational disruption and financial solvency. The company monitors pool performance and can switch pools promptly if necessary. It faces competition from companies involved in purchasing and hosting mining machines, accessing low-cost renewable power, and developing blockchain technologies. The company competes based on operational efficiency, hashrate, reliable low-cost renewable power, and innovation, employing a strategy that balances owned and operated facilities with third-party sites and renewable power access. Suppliers referenced include Bitmain, ePIC BlockMiners, Luxor Pool, and MicroBT.
Sources:
Argo Blockchain Plc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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