Argo Blockchain PLC Construction of Texas Facility Begins (1032G)
July 22 2021 - 2:00AM
UK Regulatory
TIDMARB
RNS Number : 1032G
Argo Blockchain PLC
22 July 2021
Press release
22 July 2021
Argo Blockchain PLC
("Argo" or "the Company")
Construction of Texas Facility Begins
Argo Blockchain, a global leader in cryptocurrency mining (LSE:
ARB), is pleased to announce that it has broken ground on its
200-megawatt (MW) cryptocurrency mining facility, Helios, in
Dickens County, Texas, which will be powered predominantly by
renewable energy. The new facility will transform Argo's mining
capacity and is expected to be completed in the first half of
2022.
Kevin Brendle, Dickens County Judge in Texas, said: "Words
cannot begin to explain how thrilled I am to welcome Peter and his
team to Dickens County. The management team's commitment to
sustainability and reinvigorating our local economy is exciting,
and we look forward to the continued positive impact they will
bring to our community."
With the construction of the new site, Argo will be adding up to
20 new, full-time jobs in Dickens County. The site gives Argo
access to up to 800MW of electrical power.
Peter Wall, Chief Executive of Argo Blockchain, said: "Texas is
a leader in renewable power generation in the United States with a
flexible grid, producing some of the most competitive and most
sustainable electricity rates in the nation, which is one of the
many reasons why we look forward to partnering with the community
in Dickens County to bring this important project to Texas.
Breaking ground marks an exciting new chapter as we continue to
gain greater control of our mining operations and strengthen our
position as a global leader in sustainable blockchain
infrastructure and mining, and we are eager to get
up-and-running."
For further information please contact:
Argo Blockchain
Peter Wall via Tancredi +44 203 434 2334
Chief Executive
Ian MacLeod
Executive Chairman
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Corporate Finance
Jonny Franklin-Adams
Tim Harper
Joint Corporate Broker
Sunila de Silva +44 207 220 0500
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Tennyson Securities
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Joint Corporate Broker
Peter Krens +44 207 186 9030
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OTC Markets
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+44 204 526 4581
Jonathan Dickson
jonathan@otcmarkets.com +44 7731 815 896
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Tancredi Intelligent Communication
UK & Europe Media Relations
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Emma Valgimigli
Emma Hodges +44 7727 180 873
Salamander Davoudi +44 7861 995 628
argoblock@tancredigroup.com +44 7957 549 906
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About Argo
Argo Blockchain plc is a global leader in cryptocurrency mining
with one of the largest and most efficient operations powered by
clean energy. The Company is headquartered in London, UK and its
shares are listed on the Main Market of the London Stock Exchange
under the ticker: ARB and on the OTCQX Best Market in the United
States under the ticker: ARBKF.
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