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Bitcoin Miner Argo Blockchain Purchases Hydro-Powered Data Centers in Canada
The two facilities are powered almost entirely by hydroelectricity, the firm said.
Argo Blockchain, a U.K.-listed cryptocurrency mining company, has purchased two data centers in the Canadian province of Quebec to support its “green mining vision.”
STORY CONTINUES BELOW
- The data centers, with a combined 20 megawatts, are powered almost entirely by hydroelectric energy, Argo said Thursday.
- The centers already house a "significant proportion" of the firm's mining equipment.
- The purchase gives Argo greater control over the facilities in which it conducts its operations, it said.
- Detailed terms of the mostly non-cash acquisition were not disclosed, but consisted mainly of the assumption of existing bank obligations and the application of a previously paid deposit.
- In March, Argo acquired land in Texas for the construction of a new mining center by buying New York firm DPN.
See also: Argo Blockchain, DMG to Launch Clean Energy Bitcoin Mining Pool
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
