Argo Breaks Ground on Highly-Anticipated West Texas Blockchain Infrastructure and Mining Facility
22 July 2021 - 10:00PM
Business Wire
Facility buildout expected to bring up to 20
jobs to Dickens County, Texas
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210722005310/en/
Carissa Felger/Genevieve Pirrong Gasthalter & Co. (212)
257-4170
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