Crypto mining company Argo Blockchain’s plans to open a data center in West Texas are likely nearing completion following an inauguration ceremony. In a Thursday announcement on Twitter, Argo said
Category: Argo Blockchain
Senate Finance Committee Chair probes “lack of safeguards” in crypto tax incentivesSenate Finance Committee Chair probes “lack of safeguards” in crypto tax incentives
Democratic Senator Ron Wyden is digging into the activities of crypto companies that take advantage of tax breaks provided by the Opportunity Zone program. Senator Wyden’s main concern stems from
Argo Blockchain among most traded stocks by Fidelity customersArgo Blockchain among most traded stocks by Fidelity customers
Shares of the mining firm beat out BP and Lloyds Banking Group to become one of the stocks most actively traded by Fidelity customers in 2021.
Argo Blockchain files for $57.5 million offering of secured notes to fund Texas mining facilityArgo Blockchain files for $57.5 million offering of secured notes to fund Texas mining facility
The company said it intends to use the proceeds for construction costs and rigs at its Texas crypto mining facility, expected to be operational in 2022.
Argo Blockchain’s Texas mining facility could cost up to $2BArgo Blockchain’s Texas mining facility could cost up to $2B
CEO Peter Wall has cited Texas’ cheap renewable energy as well as its openness to innovation in new technologies as part of the reason for the construction of the data
Argo Blockchain mines record 597 BTC during Q3 2021Argo Blockchain mines record 597 BTC during Q3 2021
Argo Blockchain pocketed a record revenue of $26 million for the third quarter after mining nearly 600 BTC.
Argo Blockchain secures $25M Bitcoin-backed loan from Galaxy DigitalArgo Blockchain secures $25M Bitcoin-backed loan from Galaxy Digital
The Bitcoin mining giant has entered into another BTC-backed loan agreement with Galaxy Digital as it pursues further operational expansions.
Crypto mining firm Argo Blockchain files for US IPOCrypto mining firm Argo Blockchain files for US IPO
The company has been publicly traded on the London Stock Exchange since 2018.
Bitcoin Mining Report Claims Miner Energy Consumption Mix 56% Sustainable in Q2Bitcoin Mining Report Claims Miner Energy Consumption Mix 56% Sustainable in Q2
During the last three months, there’s been a significant focus on the effects bitcoin mining has on the global environment. While many have claimed bitcoin mining is bad for the
Argo Blockchain receives $20M Bitcoin-backed loan from Galaxy Digital for Texas mining facilityArgo Blockchain receives $20M Bitcoin-backed loan from Galaxy Digital for Texas mining facility
The U.K.-based mining firm’s announcement comes amid the country’s Financial Conduct Authority cracking down on crypto exchanges.