Share this article
Argo Blockchain, DMG to Launch Clean Energy Bitcoin Mining Pool
Argo said "Terra Pool" will allow for the creation of "green bitcoin."
Updated Sep 14, 2021, 12:32 p.m. Published Mar 26, 2021, 10:54 a.m.
U.K.-listed Argo Blockchain (LON: ARB) said it has signed a memorandum of understanding with blockchain and cryptocurrency technology firm DMG Blockchain Solutions to launch a bitcoin mining pool completely powered by clean energy.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Under terms of the agreement, the two firms will jointly launch “Terra Pool,” a bitcoin mining pool exclusively powered by clean energy.
- Terra Pool will initially consist of both Argo's and DMG's hashrate, which is mostly generated by hydroelectric resources. It will provide a platform for cryptocurrency miners to produce bitcoin and other cryptocurrencies in a sustainable way, the firms said.
- The agreement comes amid rising criticism for the energy used by the crypto mining industry and its potential impact on climate change.
- "Addressing climate change is a priority for Argo and partnering with DMG to create the first 'green' bitcoin mining pool is an important step towards protecting our planet now and for generations to come,” said Peter Wall, CEO of Argo Blockchain.
Read more: Argo Blockchain Takes 25% Stake in $40M Crypto VC Fund
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Federal Reserve Cuts Rates 25 Basis Points, With Two Voting for Steady Policy
The anticipated move comes as policymakers are still operating without several key economic data releases that remain delayed or suspended due to the U.S. government shutdown.
What to know:
- As expected, the Federal Reserve trimmed its benchmark fed funds rate range by 25 basis points on Wednesday afternoon.
- Today's cut is notable given the unusually large amount of public dissension among Fed members for further monetary ease.
- Two Fed members dissented from the rate cut, preferring instead to hold rates steady, while one member voted for a 50 basis point rate cut.
Top Stories
