Pluto welcomes Argo aboard its rocket ship! 🚀
Pluto is thrilled to welcome Argo Blockchain aboard our rocket ship as our cornerstone investor who today completed an investment into Pluto giving Argo a 25% stake in our business.
Our teams have known each other for a long time and Pluto’s founders have been long term shareholders and supporters of Argo since before their UK listing in 2018.
Argo is a global leader in cryptocurrency mining, valued at $500m, with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange as well as having listings in Stuttgart and the OTCQB Market in the US.
Argo’s total mining power is currently 787 Petahash rising to a total of 1,685 petahash by the end of Q2 when its new machines go online.
Pluto is a crypto venture capital and technology company with a focus on Web 3.0 decentralised digital technologies. Pluto invests in, incubates and advises digital asset projects. Pluto also supports the operation of proof-of-stake networks by staking and operating validator nodes as well as providing liquidity to our portfolio projects.
It’s an incredible time for all in the digital asset space and the innovation and opportunities that we are seeing are quite incredible. We have an amazing pipeline of projects in the pipeline which include tier 1 projects that we incubate as well as other projects that we invest in, advise and support. We are big fans of launchpad ecosystem which adds massive value to new projects in this space and we think that this trend will continue to grow.
Our first investment and advisory engagement was YOP which has been a great success so far and we think that there is huge value to come from this. Yop came onto the market via Polkastarter and that’s been a great success. We’ve also invested into Butterfly Protocol which launches later today, again via Polkastarter and we’re really excited by this too.
We believe that we can bring something different to this space given our mix of traditional tech VC and crypto expertise and would invite any project founder to reach out and get in touch early in your process — we’d love to hear from you and see if we can help.
Argo Website: ArgoBlockchain