Argo Blockchain Energizes New Texas Mining Facility
- Bitcoin
- Market Structure
Argo Blockchain announced they secured $70.6 million in loans to power up their new Texas mining facility on May 6, 2022. The site was energized and set to start mining the following week, marking a big expansion for their Bitcoin operations. CT buzzed with chatter about mining stocks and energy costs, especially as Bitcoin’s price struggled. This move was seen as a bet on long-term BTC profitability despite market volatility. It’s a slice of crypto infrastructure history during a bearish year.