Argo Mining Profitability and Expansion Update

Poised for exponential hashrate growth Up to 600 MW of additional power capacity at Helios ▸ ASIC chip supply agreement with Intel ▸ Relationship with third party to manufacture custom mining rigs utilizing Intel chips Runway to grow hashrate to ~20 EH/s over the next few years 1.6 EH/s 0.6 EH/s 0.2 EH/S 2019 2020 2021 Phase 1 of Helios expected to be online 5.5 EH/s ~20 EH/s¹ 2022E 2024E 1. Argo does not have firm commitments from chip suppliers or mining machine manufacturers, nor the necessary infrastructure necessary to deploy projected mining capacity at present. The projected timelines, or Argo's ability to achieve projected mining capacity at all, may change due to factors outside our control, including due to supply chain interruptions; cost and availability of mining equipment; counterparty delay or non-performance; regulatory factors; the value of Bitcoin; and/or access to additional capital on competitive terms. See the Legal Disclaimers on Slide 2. 12 argo

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