Argo Blockchain has bought two data centers in the Canadian province of Quebec. The facilities previously owned by GPU.one are using the power of the local hydroelectric power plant.
The total capacity of the data centers is 20 MW. They already house "a significant portion" of the Argo Blockchain hardware.
“We are committed to better control over our mining activities and associated costs, and to lay the foundation for long-term growth,” said CEO Peter Wall.
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GPU.one has ceased operations. The company owned two facilities - in New Brunswick and Quebec. The first in February 2021, together with the main team, came under the control of HIVE Blockchain Technologies.
Argo Blockchain has also joined the Crypto Climate Accord mining industry decarbonization initiative. Together with blockchain company DMG Blockchain Solutions, it pledged to reduce greenhouse gas emissions from electricity consumption to zero by 2030.