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Argo Blockchain has received more than $70 million in loans to expand its Bitcoin mining business in Dickens County, Texas. Helios, the company's flagship crypto mining operation in Texas, is borrowing an aggregate principal amount of $70.6 million from New York Digital Investment Group (NYDIG). This is the second 8-figure loan that Argo has taken out from NYDIG in the last month. The funds from the loan are expected to be utilised in “fitting out Phase 1 of the Helios site”. CEO Peter Wall stated, “With our mining operations at Helios expected to commence in May, along with the development of custom mining machines using Intel’s next-generation Blockscale ASIC chips, Argo is well-positioned to continue its growth with a focus on delivering for our shareholders,” https://www.coinbureau.com/news/bitcoin-miner-argo-takes-out-70-million-loan-for-texas-mining-operation/ -
Fort Worth, Texas is getting into the bitcoin mining business, and will officially be the first city in the U.S. to do so. On Tuesday, council members voted unanimously to accept a donation of three Bitmain Antminer S9 bitcoin mining equipment valued at $2,100 from the Texas Blockchain Council. The mining equipment will be kept in a climate-controlled area of Fort Worth City Hall and will be connected to a private network to reduce security risks. The city’s mining program will be experimental and will be reviewed and evaluated in 6 months. According to Mayor Mattie Parker, “These small but powerful machines mark Fort Worth’s larger commitment to becoming a leading hub for technology and innovation.” https://www.coindesk.com/business/2022/04/26/fort-worth-to-become-first-us-city-to-mine-bitcoin/
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