Argo Blockchain appoints climate strategy advisor

Argo Blockchain PLC (LON:ARB) said it has engaged consultancy Guidehouse to research and advise on science-based solutions towards the company’s long-term strategy to eliminate its climate impact. 

The cryptocurrency miner said Guidehouse’s work will include providing a full climate action plan to achieve Argo’s goal of becoming a net-zero greenhouse gas (GHG) company, saying it is aiming to set a precedent for the wider sector and is actively researching “numerous strategies to be a climate friendly cryptocurrency miner”.

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Argo said due to its depth of expertise as a global sustainability leader and its extensive experience providing advisory services to the technology industry, Guidehouse is uniquely positioned as a “critical partner in providing Argo with strategic recommendations to become net-zero without inhibiting mining operations” and will help the company thrive in a rapidly changing energy environment.

“We are delighted to be working with Guidehouse to assess the options available in order to achieve our goal of becoming net-zero and a climate friendly cryptocurrency miner”, Argo chief executive Peter Wall said in a statement.

“At Argo, we pride ourselves on being pioneers within this hugely exciting sector, and we aim to become the gold standard for other miners to ensure we are doing everything we can to secure a sustainable future for generations to come”, he added.

Story by ProactiveInvestors