Argo Blockchain, a publicly traded cryptocurrency mining company, has published its first annual sustainability Report for the year 2021.
According to the report, Argo was climate-positive throughout the year and improved mining efficiency by 34%.
Argo experienced a 59% drop in emissions per dollar revenue and an 89% drop in emissions per employee between 2020-2021.
Peter Wall, chief executive officer, stated that “we are happy to present this report that highlights our commitment to sustainability as well as Argo’s Climate Strategy and plan to maintain our positive climate status.”
“Sustainability is an integral part of our business model for our team. This report highlights Argo’s efforts to improve mining efficiency, reduce our environmental impact, and increase our overall productivity.
According to the report, the newly opened 200MW Helios facility in Texas uses high-efficiency immersion cooling technology.
Argo, a UNFCCC Climate Neutral Now Initiative member and the first climate-positive cryptocurrency miner, intends to publish a sustainability report each year to keep stakeholders informed about the company’s progress.
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