Argo Blockchain aims to launch a clean energy BTC mining pool based on hydroelectric energy after the new partnership with DMG Blockchain as we can see more in our latest blockchain news.
Publicly-traded crypto mining company Argo Blockchain aims to launch a BTC mining pool powered solely on clean energy as the company announced on March 26th. Argo partnered with DMG Blockchain which is an eco-friendly mining company in order to create the Terra Pool which is a BTC mining pool consisting of hash rate derived from both the company’s power sources which are apparently the first of its kind.
Argo Blockchain PLC is a UK-based company that focuses on mining with three operational facilities in Canada that are set up to mine BTC and Zcash. The company acquired a 320-acre plot of land in Texas which will use to expand its mining operations with an additional 200-megawatts of electrical power that are derived from renewable energy sources only. Peter Wall who is the Chief Executive of Argo said that making BTC more green is a huge priority and urged other 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 the Bitcoin mining industry follow in our footsteps to demonstrate broader climate consciousness.”
BTC’s energy usage increased to match the consummation per year of the country of Chile a month ago which is a fact that skeptics and critics are always fast to point out. However, only a few will level the same criticism at another technology like the internet which uses even more energy than BTC and cryptocurrencies as well which have yet to extend at global usage. DMG’s Dan Reitzik said:
“[DMG’s] focus on eco-friendly Bitcoin mining has the opportunity to drive transformations in how the Bitcoin mining community acts towards a climate-conscious future. DMG’s ongoing commitment to clean energy-based capital deployment is a key industry development.”
As recently reported, The publicly-listed mining company Argo Blockchain finalized the purchase of its new 320 acre land plot in West Texas, United States which will be used for the construction of a new 200 NW crypto mining facility.
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