August 20, 2022

Argo Blockchain to launch clean energy Bitcoin mining pool


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 operational facilities in Canada set up to mine Bitcoin, and the privacy coin, Zcash (ZEC). The firm recently acquired a 320-acre plot of land in Texas, which it plans to use to expand its mining operations with an additional 200-megawatts of electrical power, also derived from renewable energy sources.

Chief Executive of Argo, Peter Wall, said making Bitcoin more green was a major priority, and urged other Bitcoin mining companies to follow suit:

“Addressing climate change is a priority for Argo and partnering with DMG to create the first ‘green’ Bitcoin mining pool is an important step towards protecting our planet now and for generations to come. We are hopeful other companies within Title: Argo Blockchain to launch clean energy Bitcoin mining pool
Sourced From:
Published Date: Fri, 26 Mar 2021 08:59:37 +0000