Copy link
Increase text size
Decrease text size
Link copied

Argo Blockchain Completes Texas Land Purchase To Build Bitcoin Mining Facility

Mon, 08 Mar 2021, 08:53 am UTC

Argo Blockchain PLC (LON:ARB) (OTCQX:ARBKF) said it has now completed the acquisition of 320 acres of land in West Texas, US, following a non-binding letter of intent with DPN LLC signed in February.

The cryptocurrency miner said it has now acquired DPN, and by extension the Texas acreage, for an initial price of US$5mln satisfied by the issue of around 3.5mln new shares in Argo to DPN shareholders. A further payment of shares worth up to US$12.5mln will also occur if certain contractual milestones are fulfilled.

Argo said the acquisition provides it with access to up to 800 megawatts (MW) of electrical power and that it intends to build a new 200MW mining facility over the next 12 months.

Coinness

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (btc) $56,196.00 (-0.15%)
  • Ethereum (eth) $2,194.10 (-1.06%)
  • Binance Coin (bnb) $509.18 (+7.00%)
  • XRP (xrp) $1.36 (-2.22%)
  • Dogecoin (doge) $0.402884 (+19.93%)
  • Bitcoin (btc) $56,196.00 (-0.15%)
Apr 19, 2021 (Monday)
16:06
BTC Surges by 1.81% Within 5 Mins, Marking 55,330.69 USDT
10:00
DOGE Tops List Of Crypto Net Inflow With $302.54 Mln In Past 18 Hours
06:58
BTC Surges by 1.05% Within 5 Mins, Marking 57,322.2 USDT
06:56
Collinstar Capital Announces Strategic Investment In Class ZZ
02:30
Crypto Market Sentiment On Apr 19: Market In "Greed"
02:00
BNB Tops List Of Crypto Net Inflow With $196.28 Mln In Past 10 Hours
01:59
Data Summary Of Boboo.com's Perpetual Contract: April 19
Apr 18, 2021 (Sunday)
14:27
BTC Surges by 1.0% Within 5 Mins, Marking 55,650.55 USDT
11:36
BTC Drops by 1.22% Within 5 Mins, Marking 54,000 USDT
08:50
BTC Drops by 1.02% Within 5 Mins, Marking 55,377.46 USDT
08:05
BTC Drops by 1.04% Within 5 Mins, Marking 55,899.53 USDT
03:34
BTC Drops by 6.05% Within 5 Mins, Marking 53,006.62 USDT
03:23
BTC Drops by 6.19% Within 5 Mins, Marking 54,498.5 USDT
03:20
BTC Drops by 1.75% Within 5 Mins, Marking 57,373.57 USDT
Apr 16, 2021 (Friday)
10:00
DOGE Tops List Of Crypto Net Inflow With $1.69 Bln In Past 18 Hours
06:04
BTC Drops by 1.02% Within 5 Mins, Marking 61,190.87 USDT
04:37
BTC Drops by 1.08% Within 5 Mins, Marking 61,928 USDT
03:33
Class ZZ Deployed Cross-Chain Contracts On ETH, HECO, And BSC
02:30
Crypto Market Sentiment On Apr 16: Market In "Extreme Greed"
02:00
DOGE Tops List Of Crypto Net Inflow With $884.07 Mln In Past 10 Hours
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft