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Crypto mining company Argo Blockchain’s plans to open a data center in West Texas are likely nearing completion following an inauguration ceremony.In a Thursday announcement on Twitter, Argo said it expects to begin mining operations at its Helios facility in Dickens County, Texas starting next week. The announcement came more
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The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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On Friday, cryptocurrency storage company Blockstream and Block Inc. (formerly Square) announced the construction of a solar-powered Bitcoin (BTC) mining facility in Texas. As told by Blockstream, the mining site will be outfitted with 3.8 megawatts (MW) of electrical capacity using Tesla's Solar photovoltaic cell array and a 12 MWh
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The facility in Sandersville, Georgia, will mainly use nuclear and hydro energy sources. Original Source
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Located in Sarnia, Ontario, the project can be expanded to as much as 200MW. Source
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Blockchain company Bitfury announced the launch of a new crypto-mining data center in Ontario, Canada. The new crypto mining center adds to the list of existing Canadian sites currently operating in Drumheller, Alberta and Medicine Hat.Bitfury partnered with Hut 8 Mining, a Toronto Stock Exchange-listed Bitcoin (BTC) mining company, to
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On Monday, the mining firm Griid Infrastructure announced the company has secured a $525 million credit facility from the crypto firm Blockchain.com. According to the announcement, the credit facility will be a four-year term in order to increase the company’s mining capacity. Bitcoin Mining Infrastructure Firm to Increase Capacity With Help
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Digital Currency Group (DCG), the crypto investment company whose holdings include asset manager Grayscale, crypto lender Genesis and independent news outlet CryptoX, said it raised $600 million in a new credit facility, marking its first entry into the debt capital markets. Source
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The United States Securities and Exchange Commission (SEC) has ordered crypto mining firm Marathon Digital Holdings to produce documents and communications for one of its mining facilities in Montana.According to a Monday filing with the SEC, Marathon Digital received a subpoena regarding an investigation into possible violations of the federal
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“This low-cost power combined with the industry leading efficiency of the Bitmain S19j Pro means 6,200 miners in Washington could yield nearly 3.7 bitcoin per day at a cost of approximately $4,000 per bitcoin when all miners are installed,” said Ben Gagnon, Bitfarms’ chief mining officer. Source
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