Argo has entered into an equipment lease with Celsius Network for 4,500 Bitmain Antminer S19 and S19 pro miners for a term of 24 months. Celsius Network is an innovative and fast-growing cryptocurrency lending platform which currently has over $1.8 billion worth of assets under management. Argo's lease, which spreads the new equipment cost over 24 monthly lease payments, allows Argo to add capacity, upgrade its mining technology and achieve economies of scale while fully retiring the capitalized cost of the miners over the term of the lease. The mining machines are valued at over $10 million. The new mining hardware is expected to be fully operational by February 2021 and will add approximately 430 petahash to the Company's installed computing power as well as consuming approximately 15 megawatts ("MW") of electricity.