Source - LSE Regulatory
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

Chief Executive

Ian MacLeod

Executive Chairman

via Tancredi +44 203 434 2334

 

 

 

 

finnCap Ltd

 

Corporate Finance

Jonny Franklin-Adams

Tim Harper 

 

Joint Corporate Broker

Sunila de Silva 

+44 207 220 0500

 

 

 

 

 

 

Tennyson Securities

 

Joint Corporate Broker

Peter Krens

+44 207 186 9030

OTC Markets

 

Jonathan Dickson

jonathan@otcmarkets.com

 

+44 204 526 4581

 

+44 7731 815 896

Tancredi Intelligent Communication

UK & Europe Media Relations

 

Emma Valgimigli

Emma Hodges

Salamander Davoudi

argoblock@tancredigroup.com

+44 7727 180 873

+44 7861 995 628

+44 7957 549 906

 

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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