Argo Blockchain Acquires 2 Canadian Data Centers

Fazzaco learned that crypto mining firm Argo Blockchain has completed the acquistion of two data centers located in the Quebec Province in Canada to support its "green mining vision".

According to the company, this acquisition is a part of its strategy to increase control over the mining facilities. Additionally, the company said that the move will bring long-term stability to its business.

Argo CEO, Peter Wall said: "Argo's purchase of data centers in Canada represents another milestone for the Company as we seek to take greater control over our mining production and mining cost base, while also laying solid foundations for long-term growth." 

The data centers have a combined total of 20 megawatts of power and house a significant number of Argo's cryptocurrency mining machines. The centers are also powered almost entirely by electricity generated from hydro power.

​Argo is a publicly-traded blockchain technology company focused on large-scale cryptocurrency mining. Headquartered in London, England, Argo is the only cryptocurrency mining company listed on the London Stock Exchange. Its energy-efficient, powerful mining operations are strategically located throughout North America.