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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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.
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 pocketed a record revenue of $26 million for the third quarter after mining nearly 600 BTC.
The Bitcoin mining giant has entered into another BTC-backed loan agreement with Galaxy Digital as it pursues further operational expansions.