Guidehouse will provide the crypto miner with a full climate action plan
Argo Blockchain (LON:ARB) confirmed on Thursday that the company has hired Guidehouse, the consultancy firm, to research and advise on its long-term goal of being carbon neutral via science-based solutions.
Guidehouse will provide the crypto miner with a full climate action plan to assists in its target of becoming a net-zero greenhouse gas (GHG) company.
Argo Blockchain is trying to set an example to others in the industry and is actively researching “numerous strategies to be a climate friendly cryptocurrency miner”.
The AIM-listed firm said that Guidehouse is best positioned to provide strategic recommendations to become net-zero based on its depth of expertise as a global sustainability leader and its extensive experience providing advisory services to the technology industry.
Argo said Guidehouse would not inhibit its mining operations and would allow the company to continue to prosper an an ever-changing sector.
Argo chief executive Peter Wall expressed his delight at the new partnership with Guidehouse:
“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,” Wall said.
“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.
Argo Blockchain confirmed earlier this month that it had finalised a fund-raising to allow the company to complete an investment in Pluto Digital Assets.
In addition, Argo intends to pursue strategic opportunities in crypto mining, capital investment, decentralised finance (DeFi) and Web 3.0 initiatives.
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting.