The London-listed cryptocurrency mining company said it would now purchase 10,000 Antminer T17s, rather than the 500 AntMiner S17s originally planned.
Argo Blockchain, the first crypto mining company to list on the London Stock Exchange, posted revenues of £3.6 million ($4.42 million) in the period to September 30.
The new hardware takes the total number of mining rigs controlled by Argo Blockchain to 6,000, with plans to acquire a further 6,000 machines over the next two quarters.
The London-listed cryptocurrency mining firm has seen an improvement in mining yields, benefiting from the effects of increasing its capacity.
London-listed Argo Blockchain PLC expects that its Q2 results will benefit from the positive trends across the board in cryptocurrency markets.
Argo Blockchain, the London-listed cryptocurrency mining company, has invested in 1,000 new miners in a bid to shore up its ailing financial performance.
Cryptocurrency mining company Argo Blockchain PLC is now listed on the London Stock Exchange (LSE). And on its first trading day, the company already sold 156.25 million shares at 16 pence each for a total of $32 million, which means Argo now has a baseline valuation of $61 million.