United Kingdom-based crypto mining company Argo Blockchain’s plans to build an 800-megawatt data center in West Texas could cost anywhere from $1.5 billion to $2 billion.
According to a Friday regulatory filing from Argo, the $2 billion cost estimate for the Helios mining facility built on a 320-acre land plot in Texas was based on “the type of mining machines to be installed in the facility, the mix of owned and hosted machines, the cost of raw materials, labor and power required to construct the facility, the timing of build-out and machine purchase, and other factors.” However, the firm added that this was only an estimate and “future results could differ materially.”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More: Argo Blockchain’s Texas mining facility could cost up to $2B By