Argo Mining Profitability and Expansion Update
Argo at-a-glance
Industry-leading cryptocurrency miner with a focus on sustainability
4
3.6 EH/s
Mining capacity
(SHA-256)¹
100%
Carbon neutral4
44,000+
Mining machines in
Canada & US¹
76%
Mining margin
(industry leading) 2,3
2,379
HODL of Bitcoin and
Bitcoin Equivalents5
~10% HODL
Allocation to Argo Labs for
non-mining activities
TEXAS
Lubbock
Helios
Dallas
Houston
Baie Comeau
Argo Facilities
1. Existing mining machines as of May 31, 2022 (1.9 EH/s on 27,000+ machines) and contracted purchases from Bitmain (1.7 EH/s on
17,000 machines). 2. Please see Appendix for reconciliation for non-IFRS measures to IFRS. 3. Argo mining margin defined as:
(cryptocurrency mining revenue - direct costs) / cryptocurrency mining revenue. For Q1 2022. 4. Includes carbon credits 5. As of May
31, 2022 and includes 187 BTC equivalents
3
Mirabel
Montreal
QUEBEC
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