InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – Argo Blockchain (ARBKF) Announces It Will Co-Lead Luxor Technologies Investment
December 30, 2020

InvestorNewsBreaks – Argo Blockchain (ARBKF) Announces It Will Co-Lead Luxor Technologies Investment

Argo Blockchain (OTC: ARBKF), the leading cryptocurrency miner based in the United Kingdom, will co-lead an investment in Luxor Technologies (“Luxor”), a hashrate management platform. In that capacity, Argo announced it will also invest $100,000 in Luxor. Luxor plans to use the capital to fund key engineering hires designed to strengthen the development of its hashrate management platform. Luxor supports more than 28,000 miners globally and has mined more than $45 million in cryptocurrency. The company’s proprietary  technology has the potential to supercharge returns for miners, and its software product is designed to maximize earnings by switching between blockchains and venues to increase hashrate rewards. Luxor initially launched the platform for the Equihash algorithm in mid-2020 and is planning a full launch of a SHA-256 best-price execution algorithm next year. Argo has been using Luxor’s profit-switching Equihash offering. Luxor intends to use monies from this seed funding round to build out its proof-of-work software infrastructure. “We are delighted to be a maiden investor in Luxor as it builds innovative and efficient services for cryptocurrency mining and hashrate products,” said Argo Blockchain chief executive Peter Wall. “Our investment reinforces Argo’s commitment to be at the forefront of technological advances in our sector.”

To view the full press release, visit https://ibn.fm/ACZL8

About Argo

Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The company is headquartered in London, and its shares are listed on the Main Market of the London Stock Exchange under the ticker ARB (“ARB”). For more information about the company, visit www.ArgoBlockchain.com.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).