Texas will soon see Helios opening doors, a Bitcoin mining facility owned by ArgoBlockchain. The firm spent between $1.5 and $2 billion on the data center.
had become “climate positive” for some classifications of greenhouse gas emissions, with a plan to eventually become carbon neutral.
“A lot of [the available power] is somewhat stranded, meaning there is not a lot of local demand or local load to use that power, so we felt that this was a strong opportunity to help stabilize the grid,” said Wall. The mining facility will be running with 20,0000 Bitmain S19J Pro rigs, which Argo said will be installed and made operational in stages between May and October. Argo’s initial power capacity at the data center will be 200 MW, with access to an additional 600 MW “in the coming years.” The company expects a hash rate of 5.5 exahashes per second by the end of 2022, anticipating the additional power capacity introduced later will produce 20 EH/s.
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