Argo Blockchain Appoints Guidehouse As Climate Strategy Advisor

Argo Blockchain Appoints Guidehouse As Climate Strategy Advisor

April 7, 2021

Crypto mining firm Argo Blockchain has engaged consultancy Guidehouse to research and advise on science-based solutions towards the company’s long-term strategy to eliminate its climate impact.

Founded in 2017 and is based in London, Argo Blockchain operates as a mining as a service (MaaS) business that primarily focuses on the cryptocurrency market in the United Kingdom. It is mining Bitcoin Gold (BTG), Zcash (ZEC), ethereum (ETH) and Ethereum Classic (ETC) on behalf of subscribers who pay a monthly fee and get rewards in proportion to the selected package. In May 2018, Argo won approval to be listed on the LSE and launched its platform in June 2018.

According to Argo, Guidehouse will provide a full climate action plan to achieve the company’s goal of becoming a net-zero greenhouse gas (GHG) firm, 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.”

Guidehouse helps clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, the company creates scalable, innovative solutions that prepare their clients for future growth and success. The company has more than 9,000 professionals in over 50 locations globally.

Due to Guidehouse’s depth of expertise as a global sustainability leader and its extensive experience providing advisory services, Argo believes that it 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.”

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