Month: August 2021

Argo Blockchain: Who Benefits From Texas Deal?

We believe that Argo Blockchain purchased land in Texas seemingly for up to 100 times more than the acreage is worth, raising serious governance questions about why this deal was done and who benefited.

We are also concerned that an apparently unreported multi-million dollar legal dispute between Argo and Celsius Network could threaten future bitcoin mining capacity and revenue. Argo leases about 40% of its mining fleet from Celsius.

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