Argo, a publicly traded company, plans to complete the acquisition of 320 acres in Texas, United States, and build a new mine.
British mining firm Argo Blockchain PLC (LON: ARB) (OTCQX: ARBKF) is now full after signing a censorship deal with DPN LLC in February this year, according to a report by Proactive Investors. Received 320 contracts with West Texas, USA. Argo said it has acquired DPN now and expanded its presence in Texas by announcing approximately 3.5 million new Argo shares to DPN shareholders with a starting price of $ 5 million. After the completion of some important contracts, Argo will continue to pay up to $ 12.5 million in assets. Argo said the purchase would allow it to generate up to 800 MW of electricity and plans to build a new 200 MW mine over the next 12 months. In the latest news, Argo Blockchain announced that it has signed a contract with New York-based DPN LLC to acquire 320 acres and plans to build a new Bitcoin mining facility in Texas over the next 12 months. At the same time, the company will use $ 100 million in loans to build a mining facility and provide the facility for miners. The product is $ 17.5 million and distributed to DPN through Argo Marketing Products.
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