The CEO of Argos wants to become the "Amazon Web Services of crypto" by ‘democratizing’ the crypto-mining process. As he points out, more than 90% of crypto-mining is done by elites on industrial scale because it is technically very difficult to do.
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Argo plans London’s first cryptocurrency listing
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It hopes to emulate the rapid growth of Genesis Mining, the Icelandic company that launched a similar service three years ago and now has 2m users. The Reykjavik-based company charges from $179 to $3,975 for a three-year contract and has a six- to eight-month waiting list. Since raising $2.5m from private investors in January, Argo has been rushing to launch its IPO to beat similar rivals, such as Hydrominer. The Austrian cryptocurrency miner is rumoured to be planning a UK listing.
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