New Bitcoin Mining Facility Is Already Boosting Dickens County's Economy
LUBBOCK, Texas (KCBD) Argo Blockchain celebrated the launch of its new mining facility in Dickens County on Thursday, but the facility will mine bitcoin, not minerals, day in and day out.
This facility is the result of a partnership with Dickens County and Argo CEO Peter Wall said it was a perfect match. “Dickens County is bitcoin mining nirvana,” Wall said.
That is somewhat because of how much sustainable power provided by wind turbines in the province. Those turbines will give energy to the 200-megawatt office, fueling 55,000 machines to mine bitcoin.
Dickens County Judge Kevin Brendle said the opening of this facility is just the start of good things for the county.
“There will still be many hours of meetings as we assess, negotiate, plan, implement and discuss a number of important projects that I believe are coming to Dickens County,” Brendle said. "They will need your support and I will need your support.
The monetary advantages are as of now being felt. Argo has made many positions in opening this office, with the greater part being filled by Dickens County occupants. "That resembles an Amazon or a Toyota coming in, as far as effect per populace," Wall said.
Brendle also predicts the facility will have an immediate impact on the education system.
"The biggest impact will be on our school districts," Brendle said. “We already have a very good community relationship with Argo; they have embarked on a community service program. to be able to provide more services to the people of Dickens County.
The district will likewise see a commitment through its duty income.
"There's more than $200 million of framework currently set up in this office on the grounds here," Brendle said. "It far surpasses the district spending plan, so it'll have a major effect in our region continues."