{"id":38521,"date":"2021-03-08T17:33:07","date_gmt":"2021-03-08T15:33:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38521"},"modified":"2025-08-30T05:16:35","modified_gmt":"2025-08-30T02:16:35","slug":"argo-blockchain-buys-land-in-texas-for-new-mining-centre","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/argo-blockchain-buys-land-in-texas-for-new-mining-centre\/","title":{"rendered":"Argo Blockchain buys land in Texas for new mining centre"},"content":{"rendered":"<p>The London-listed mining company Argo Blockchain has acquired 320 acres (129.5 hectares) of land in Texas to build a new Bitcoin mining data centre.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Argo has now completed the acquisition of DPN LLC and as a result, has acquired the land. This acquisition gives Argo access to up to 800-megawatts of electrical power, where Argo intends to build a new 200mw mining facility over the next 12 months.<a href=\"https:\/\/twitter.com\/hashtag\/ARB?src=hash&#038;ref_src=twsrc%5Etfw\">#ARB<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ARBKF&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ARBKF<\/a><br \/>\n2\/<\/p>\n<p>\u2014 Argo (@ArgoBlockchain) <a href=\"https:\/\/twitter.com\/ArgoBlockchain\/status\/1368818830986907649?ref_src=twsrc%5Etfw\">March 8, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe company bought the land with the help of New York firm DPN by issuing 3.4 million new shares for $5 million. The remaining $12.5 million will be paid in installments as obligations under the contract are fulfilled.<\/p>\n<p>Argo Blockchain gained access to 800 MW of electricity and a land area equivalent to about 185 football fields. Over the next 12 months the company intends to build a 200 MW data centre.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The acquisition was an initial price of US$5M, satisfied by issuing and alloting 3,497,817 new ordinary shares in Argo, with up to a further US$12.5m in shares at a predetermined price if certain contractual milestones related to the facility are fulfilled.<a href=\"https:\/\/twitter.com\/hashtag\/ARB?src=hash&#038;ref_src=twsrc%5Etfw\">#ARB<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ARBKF&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ARBKF<\/a><br \/>\n4\/<\/p>\n<p>\u2014 Argo (@ArgoBlockchain) <a href=\"https:\/\/twitter.com\/ArgoBlockchain\/status\/1368818844039544838?ref_src=twsrc%5Etfw\">March 8, 2021<\/a><\/p>\n<\/blockquote>\n<blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n&#8220;This opportunity will provide Argo with some of the world&#8217;s lowest electricity tariffs, most of which come from renewable sources,&#8221; the company said in a statement.<\/p>\n<\/blockquote>\n<p>In 2019, the Bitmain company completed construction of a 50 MW mining centre in Texas.<\/p>\n<p>In the same year, the German company Northern Bitcoin agreed to merge with Whinstone US, which was building a Bitcoin farm in Texas spanning about 57 football fields.<\/p>\n<p>As reported in October 2020, Arcane Research <a href=\"https:\/\/u1f987.com\/en\/news\/arcane-research-chinas-dominance-in-bitcoin-mining-is-steadily-shrinking\">pointed to the growing share of miners<\/a> in the Bitcoin hash rate.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 all the news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The London-listed mining company Argo Blockchain has acquired 320 acres (129.5 hectares) of land in Texas to build a new Bitcoin mining data centre.<\/p>\n","protected":false},"author":1,"featured_media":38522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1182,1137,504,26],"class_list":["post-38521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-argo-blockchain","tag-cryptocurrency-mining","tag-energy","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=38521"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38521\/revisions"}],"predecessor-version":[{"id":38523,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38521\/revisions\/38523"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38522"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}