Argo acquires 320 acres of land in West Texas and secures up to 800 MW of electricity from America's largest State Power Grid. Helios will be North America's largest immersion cooling Bitcoin mining facility. The Helios Adventure Begins!
We are so very excited to announce that Argo Blockchain has signed a contract with Navier Inc., a specialist in the design and construction of cryptocurrency mining facilities, to co-develop Argo's new mining facility, Helios, in West Texas.
On July 22, 2021, Argo announced the groundbreaking of Helios, its flagship state-of-the-art facility in West Texas.
2021 marked a paradigm shift towards US, and particularly Texas, based mining. This excellent article by Coin Telegraph summarizes the move by major minors to the Lone Star State.
This photo of the footprint of the building was the first to put the incredible scale of Helios on full display.
On October of 2021, CEO Peter Wall made his first visit to the Helios construction site and Dickens County. The Helios project could not succeed without the support of the local community.
On this day Argo joined the few companies who rang the Nasdaq opening bell. Next stop, Helios!
Argo has successfully installed critical equipment, including immersion pumps, air coolers, transformers, power distribution units, and pallet racks. Additionally, the fiber internet connection to Helios has now been completed.