Today news
About the same in other media
Argo Blockchain files for $57.5 million offering of secured notes to fund Texas mining facility
Reading now: 881
cointelegraph.comUnited Kingdom-based crypto mining company Argo Blockchain will be funding part of the building and equipment of its planned 800-megawatt data center in West Texas through an offering of senior notes.
According to a Monday filing with the Securities and Exchange Commission (SEC), Argo plans to offer $57.5 million worth of 8.75% senior unsecured notes set to mature on Nov. 30, 2026. The company said it intends to use the proceeds for rigs at its Texas crypto mining facility as well as construction costs.
Argo broke ground on the 200 MW crypto mining facility in July, reporting the site would give the company “access to up to 800 MW of electrical power” for its future operations if it chooses to acquire and develop all available land.
Read more on cointelegraph.comAbout this in other media
Albert Einstein’s general relativity manuscript auctioned for €11.6 million euronews.com /2 years ago
VLaunch Investor Community Grows Exponentially with Top Blockchain Influencers cryptonews.com /2 years ago
Biden to release 50m barrels of oil in effort to bring down rising US gas prices theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
