<ul><li>Argo Blockchain, the publicly listed London and Wall Street Bitcoin miner, aims to double its mining capacity through the acquisition of assets from GEM Mining.</li><li>The proposed transaction includes acquiring GEM Mining's assets for up to $21.7 million in Argo shares, which would add 2.4 exahash of mining power to Argo's operations, significantly increasing its Bitcoin production capabilities.</li><li>Additionally, Argo Blockchain secured $10 million in investment from GEM's institutional investors to support its growth.</li><li>The company's new CEO, Justin Nolan, replaces Thomas Chippas and is optimistic about Argo's future despite recent financial challenges.</li></ul>

Argo Blockchain Bitcoin Miner Aims to Double Hashrate with GEM Mining Acquisition

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