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BREAKING: Argo Blockchain – how will it ever get out of the Texas electricity pickle

This will, in years to come be seen as a case study in the invisible hand and creative destruction, that is to say capitalism at work. In times gone by when all the sort of poltroons who believe in Modern Monetary Theory also predicted that the bitcoin price would keep on soaring ad infinitum, there was a rush to build new mining plants in places where there was stacks of spare land and good hook-ups to readily available power, i.e. Texas.

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