Argo Blockchain PLC's (LON:ARB) Peter Wall talks to Proactive London's Katie Pilbeam about the recent news that the company has entered into a non-binding letter of intent (LOI) with DPN LLC setting out terms to acquire 320 acres of land in West Texas, US.
The plan is to build a new 200-megawatt cryptocurrency mining facility in the next 12 months to take advantage of some of the lowest rates in the world with the majority coming from renewable sources.
Wall gives his opinion on Bitcoin after the cryptocurrency hit record highs after Tesla's Elon Musk's car company bought $1.5bn worth.