Our Climate Strategy
Argo is climate positive and has mitigated Scope 1, 2, and 3 greenhouse gas emissions associated with all of its respective crypto-related operations.
Argo has been committed to sustainability since our inception.
We’ve been careful about choosing the right energy sources and taking measurable steps in our operations to reduce our overall impact.
We believe in preserving our planet – not only because it makes business sense, but because it just makes good sense.
Our Energy Sources
Argo sources its energy from Hydro and other renewable clean sources wherever possible.
Our newly acquired Quebec facilities are on the Hydro Quebec power grid which use 100% Hydro and Wind
By choosing Quebec hydropower, Argo avoided 14.9 MTCO2e in 2020.
In the US, RECs were purchased to neutralize all 46.9 MTCO2e of emissions resulting from Argo’s operations.
Our Texas facilities (in development) will source mainly wind and solar power.
Climate Positivity Strategy
Initiatives and Partnerships
In May 2021, Argo was one of the first signatories of the Crypto Climate Accord (CCA), an advocacy group that pushes for lower carbon emissions in the crypto mining industry.
Together with DMG Blockchain, Agro announced the creation of the World’s first Bitcoin mining pool powered by clean energy with an anticipated launch date in Q3 2021.
REBA is an alliance of large clean energy buyers, energy providers, and service providers that are unlocking the marketplace to lead a rapid transition to a cleaner, prosperous, zero-carbon energy future.
Climate Neutral Now Initiative encourages and supports organizations like Argo to act now in order to achieve a climate neutral world by 2050, as enshrined in the Paris Agreement.
One of the ways we reduce our impact is through recycling, reusing, and
salvaging as many parts as possible.
When machines break down, we always repair them and are continuously working on ways on increasing their lifespan.
We don’t throw away any parts. We salvage power supplies, fans, and even re-use chips.
By incorporating immersion mining in our mining fleet in Texas, we’re also reducing e-waste. Immersion mining helps double the lifespan of our miners.
The Path Forward
Argo will continue innovating and prioritizing sustainability on its path to being a climate action leader in the bitcoin mining world.
This is demonstrated by ongoing initiatives in energy efficiency, reducing e-waste, supporting the industry with sustainability standards, etc.
Since embarking on our climate strategy, Argo has sprinted to this position. Our goal is to lead by example and to motivate other companies to join the mission.
This is just the start.