Bitcoin Miner Argo Blockchain Interrupted By Falling 1.3 Million Shares

Last year, Argos Blockchain became amongst a handful of Bitcoin miners compelled to promote extra than it mined in a month in a bid to live afloat. By October, its proportion fee had plunged with the aid of using 40% and it referred to as off a plan to raise $27 million from buyers.

Now, the employer is again with new plans to construct a blockchain-primarily based totally atmosphere for small businesses.

The employer stated it has coated up investment from funding companies which include Innovation Endeavors and Digital Currency Group, in addition to angel buyers which include Tim Draper and Peter Thiel. The corporation additionally has severa strategic companions already running on tasks inside the Argos atmosphere, consistent with a press launch issued today.

Argos Blockchain says it intends to apply its present mining operations — which can be used to steady the network — to energy its platform for small businesses. The employer says this can permit them to behavior transactions with out 1/3 events with the aid of using the usage of their very own computers.