Share this article
Argo Blockchain Plans New Bitcoin Mining Facility in Texas
Argo said the new Texas facility will have access to up to 800 megawatts of cheap, renewable energy.
Updated May 9, 2023, 3:15 a.m. Published Feb 10, 2021, 9:45 a.m.
Publicly traded bitcoin mining company Argo Blockchain (ARB) is planning to acquire land in West Texas for a new mining facility.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- London Stock Exchange-listed Argo said Wednesday it has signed a non-binding letter of intent with New York-based DPN LLC to acquire 320 acres of land to build a 200-megawatt data center over the next 12 months.
- The cost of the acquisition would be $17.5 million, funded via the issuance and allotment to DPN of ordinary shares in Argo.
- Once the agreement is in place, $5 million worth of new ordinary shares will be issued to DPN, followed by a further $12.5 million of shares in installments as contractual milestones are met.
- "We are incredibly excited about this proposed acquisition,” said Peter Wall, CEO of Argo Blockchain. “It gives Argo tremendous control over its mining operations, as well as significant capacity for expansion.”
- The company will use a $100 million credit facility to construct the center and kit it out with miners.
- In choosing the Texas location, Argo has been able to secure access to some of the ”cheapest renewable energy worldwide,” Wall said.
Read more: Bitcoin Miner Argo Blockchain Bought 172.5 BTC in January
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
