Argo Blockchain Resumes Mining Services
CryptoNewsTerminal Staff05 Jun, 2024
Argo Blockchain Resumes Mining Services
Argo Blockchain (AERGO) recently announced through their official Twitter account, that they have successfully resumed mining services following a change in the Ethereum blockchain. The company had halted its mining operations on September 15, due to a "Merge" update on the Ethereum network, which saw the network switch from a Proof-of-Work (PoW) mining mechanism to a Proof-of-Stake (PoS) mechanism. The company also announced that they have implemented a number of cost-saving measures to improve their financial performance. These measures include reducing operating expenses, selling non-core assets, and negotiating better terms with their suppliers.
