Argo Blockchain Buys Hydro Data Centers To Realize Green Bitcoin Mining Vision
Argo Blockchain has purchased two hydro-powered data centers, allowing it mine bitcoin in a more sustainable and green way.Cryptocurrency mining firm Argo Blockchain has continued its move toward environmentally-friendly bitcoin mining by purchasing two hydroelectric-powered data centers in Quebec, Canada, according to a press release on the London Stock Exchange, on which Argo is listed."Argo's purchase of data [centers] in Canada represents another milestone for the Company as we seek to take greater control over our mining production and mining cost base, while also laying solid....
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Hydroelectric energy will power a new Bitcoin mining pool following Argo's partnership with DMG Blockchain. Publicly-traded cryptocurrency mining firm Argo Blockchain will launch a Bitcoin (BTC) mining pool powered solely by clean energy, the company announced on March 26. Argo has partnered with fellow eco-friendly mining firm DMG Blockchain to create Terra Pool — a Bitcoin mining pool consisting of a hash rate derived from both company’s hydroelectric power sources, which the firm claims is the first of is kind.Argo Blockchain PLC is a United Kingdom-based mining company with three....
The blockchain and crypto firm DMG Blockchain Solutions has revealed a partnership with the crypto asset mining business Argo Blockchain. The two firms have decided to launch a bitcoin mining pool that’s focused on leveraging clean energy resources. DMG Blockchain Solutions (TSX-V: DMGI) and Argo Blockchain Plc (LSE: ARB) have recently entered into a Memorandum of Understanding to establish Terra Pool. The new bitcoin mining pool aims to utilize clean energy resources and will combine both DMG’s and Argo’s hashrate that uses hydroelectric-power. In recent months,....
With a new facility in Texas, Argo Blockchain is now working on a bitcoin mining pool with renewable energy sources only.
Green energy powers most of Bitcoin mining and the world might as well face it. And the rest of the cryptocurrencies that use Proof-Of-Work might be right behind, because they follow the same incentives. In their quest for cheaper energy sources, they all reach the same conclusion. Humanity is wasting renewable energy all over the world. And wasted energy is the cheapest of them all. In today’s story, a hydropower plant that had to pause operations for nine months found cryptocurrency mining and got the dream client they needed. Reuters gives us the prelude to the story: “The plant was....
Bitcoin mining company Argo Blockchain is the latest to seek a public listing in the U.S. markets, a sign of the market's increasing maturity.