Bitcoin cryptocurrency mining facility debuts in West Texas – Lubbock Avalanche-Journal

In 2019, Dickens County Judge Kevin Brendle received a random email that eventually led to this new datacenter breaking ground about eight months ago.

The festivities at Thursday’s grand opening included remarks from elected officials and company executives, guided tours, a catered meal and live music.

Argo is based in the United Kingdom and maintains offices in Quebec, Canada and Houston, but CEO Peter Wall says “It’s kind of based here now.

Wall says the datacenter will be capable of mining around 25 Bitcoin per day, or about five times the company’s current output.

“In our current financial system, if I’m going to send you some money from one place to another, you use a bank, and the bank is the trusted third party,” Wall said.

“People in Dickens County are really talented and hard-working,” Wall said.

“The impact to our community is better jobs with benefits, insurance, retirement, vacation.

There’s more coming in than there’s an offload, so the company is able to sell that excess energy really cheap to companies like Argo,” Brendle said.

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