Argo Breaks Ground on Highly-Anticipated West Texas Blockchain Infrastructure and Mining Facility
Argo Blockchain Plc (OTCQX: ARBKF) has officially commenced construction on a 200-megawatt cryptocurrency mining facility in Dickens County, Texas. This new site, focused on renewable energy, is expected to significantly enhance Argo's mining capacity upon completion in the first half of 2022. The project will also create up to 20 full-time jobs in the area. Argo aims to leverage Texas’s renewable power generation capabilities, positioning itself for greater control over its operations and reinforcing its status as a leader in sustainable blockchain infrastructure.
- Breaking ground on a 200 MW renewable energy-focused cryptocurrency mining facility.
- Expected to add up to 20 new full-time jobs in Dickens County.
- Access to up to 800 MW of electrical power, enhancing mining capacity.
- None.
Argo Blockchain Plc (LSE: ARB; OTCQX: ARBKF), (“Argo” or the “Company”), a global leader in sustainable blockchain infrastructure and cryptocurrency mining, today announced that it has broken ground on its highly-anticipated, renewable energy-focused 200-megawatt (MW) cryptocurrency mining facility in Dickens County, Texas. The new facility will transform Argo’s mining capacity and is expected to be completed in the first half of 2022.
Kevin Brendle, Dickens County Judge in Texas, said: “Words cannot begin to explain how thrilled I am to welcome Peter and his team to Dickens County. The management team’s commitment to sustainability and reinvigorating our local economy is exciting, and we look forward to the continued positive impact they will bring to our community.”
With the construction of the new site, Argo is expected to add up to 20 new, full-time jobs in Dickens County. The site gives Argo access to up to 800 mW of electrical power.
Peter Wall, Chief Executive of Argo Blockchain, said: “Texas is a leader in renewable power generation in the United States with a flexible grid, producing some of the most competitive and most sustainable electricity rates in the nation, which is one of the many reasons why we look forward to partnering with the community in Dickens County to bring this important project to Texas. Breaking ground marks an exciting new chapter as we continue to gain greater control of our mining operations and strengthen our position as a global leader in sustainable blockchain infrastructure and mining, and we are eager to get up-and-running.”
About Argo
Argo Blockchain plc is a global leader in cryptocurrency mining 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 under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210722005310/en/
FAQ
What is the significance of Argo Blockchain's new facility in Texas?
When is the completion date for Argo Blockchain's new mining facility?
What is the power capacity of Argo Blockchain's new facility?
How many jobs will Argo Blockchain create with the new facility?
What are the benefits of the new facility for Argo Blockchain?
