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.
Argo Blockchain said it installed 4,500 cryptocurrency mining machines from Celsius Network.
The crypto mining company said the news marks an upgrade from its previous presence on the middle-tier OTCQB Venture Market.
The firm said it may be the first listed firm to pay its CEO in the cryptocurrency.
The deal will also see the two firms work together to develop miners built to Argo’s specifications.
Luxor Technologies will use the funds to expand its hashrate and hire more engineers.