Argo Breaks Ground on Highly-Anticipated West Texas Blockchain Infrastructure and Mining Facility | Business

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LONDON–(BUSINESS WIRE)–Jul 22, 2021–

Argo Blockchain Plc (LSE: ARB; OTCQX: ARBKF), (“Argo” or the “Firm”), a world chief in sustainable blockchain infrastructure and cryptocurrency mining, immediately introduced that it has damaged floor on its highly-anticipated, renewable energy-focused 200-megawatt (MW) cryptocurrency mining facility in Dickens County, Texas. The brand new facility will remodel Argo’s mining capability and is predicted to be accomplished within the first half of 2022.

Kevin Brendle, Dickens County Choose in Texas, mentioned: “Phrases can not start to elucidate how thrilled I’m to welcome Peter and his workforce to Dickens County. The administration workforce’s dedication to sustainability and reinvigorating our native economic system is thrilling, and we sit up for the continued constructive affect they’ll carry to our group.”

With the development of the brand new website, Argo is predicted so as to add as much as 20 new, full-time jobs in Dickens County. The location offers Argo entry to as much as 800 mW {of electrical} energy.

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Peter Wall, Chief Government of Argo Blockchain, mentioned: “Texas is a pacesetter in renewable energy era in the US with a versatile grid, producing a few of the best and most sustainable electrical energy charges within the nation, which is among the many the explanation why we sit up for partnering with the group in Dickens County to carry this essential undertaking to Texas. Breaking floor marks an thrilling new chapter as we proceed to achieve larger management of our mining operations and strengthen our place as a world chief in sustainable blockchain infrastructure and mining, and we’re desirous to get up-and-running.”

About Argo

Argo Blockchain plc is a world chief in cryptocurrency mining with one of many largest and most effective operations powered by clear power. The Firm is headquartered in London, UK and its shares are listed on the Important Market of the London Inventory Trade below the ticker: ARB and on the OTCQX Finest Market in the US below the ticker: ARBKF.

View supply model on businesswire.com:https://www.businesswire.com/news/home/20210722005310/en/

CONTACT: Carissa Felger/Genevieve Pirrong

Gasthalter & Co.

(212) 257-4170

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: FINANCE ENERGY PROFESSIONAL SERVICES OTHER ENERGY UTILITIES

SOURCE: Argo Blockchain Plc

Copyright Enterprise Wire 2021.

PUB: 07/22/2021 08:00 AM/DISC: 07/22/2021 08:02 AM

http://www.businesswire.com/news/home/20210722005310/en



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