ERCOT reported that wind generation in Texas was “generating significantly less,” potentially leaving the state unable to meet energy demands during triple-digit temperatures.
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Category: Argo Blockchain
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Another miner cashes in: Argo Blockchain reports selling 637 BTC to pay debts
Argo reported it had an outstanding balance of $22 million on a loan from Galaxy Digital, from which it secured BTC-backed loan agreements in 2021.
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Argo Blockchain facility in West Texas expects to start mining Bitcoin in May
The company expects a hash rate of 5.5 EH/s by the end of 2022, anticipating that access to an additional 600 MW of power capacity “in the coming years” will produce 20 EH/s.
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DCG Mining Subsidiary Foundry Joins Texas Blockchain Council to Help Shape Crypto Public Policy
On Tuesday, Digital Currency Group’s (DCG) mining subsidiary, Foundry Digital, announced the company has joined the Texas Blockchain Council (TBC), a nonprofit industry association in the state of Texas. Foundry detailed the newly formed alliance is aimed at Foundry’s efforts to “help shape the regulatory landscape for digital assets” in North America. Foundry Becomes a […]Powered by WPeMatico
Senate Finance Committee Chair probes “lack of safeguards” in crypto tax incentives
A new push for clarity on compliance from Senator Wyden aims to ensure economically distressed communities receive promised benefits from crypto mining companies.
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Bitcoin Miner Hive to Purchase Intel Mining Chips, Firm Reveals a 100 MW Deployment Deal in Texas
On March 7, the publicly-listed mining firm Hive Blockchain Technologies announced the company inked a deal with Intel to purchase new ASIC mining chips. Additionally, Hive has formed an agreement with an original design manufacturer (ODM) and a non-binding letter of intent with Compute North. Hive said the company plans to deploy 100 MW of […]Powered by WPeMatico
Report: Intel Reveals ‘Bonanza Mine BMZ1’ Blockchain Accelerator Mining Chip
Last week the California-based technology company Intel explained its intentions to develop crypto mining semiconductors that would showcase “1000x better performance per watt.” Now Intel has revealed more details about the “Bonanza Mine” (BMZ1) blockchain accelerator chip at this year’s International Solid-State Circuits Conference (ISSCC). Intel’s Bonanza Mine Crypto Chip Products Introduced at ISSCC Information […]Powered by WPeMatico
Argo 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 most actively traded by Fidelity customers in 2021.
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Argo 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.
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Argo 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 center.
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