THIS NEWSLETTER IS SPONSORED BY |  |  | Argo filing reveals Texas mining facility could cost up to $2 billion to build | Quick Takes - Argo has been forced to disclose inside information after forecasts discussed during a private meeting were posted on Twitter.
- The filing reveals that the company's Texan mining facility, which has drawn scrutiny from a short seller, could cost $1.5-2 billion to construct.
| Argo Blockchain, the London-listed crypto miner, estimates that the cost of building and kitting out its proposed 800-megawatt mining facility in Texas could be $1.5-2 billion.
The company has been forced to disclose the estimate alongside several other key nuggets of inside information that were discussed in a meeting and subsequently posted on Twitter.
In a regulatory filing this morning, Argo stated that its representatives had met with equity portfolio manager Anthony Coyle on November 4. At the meeting, Argo's employees "inadvertently disclosed certain information that could be viewed as material non-public information under U.S. securities laws or inside information under U.K. securities laws," according to the filing. Coyle then published that information on Twitter — a post that has since been deleted. | | |  | A DEX on Cosmos is working on a way to prevent front running | Osmosis, a decentralized exchange in the Cosmos ecosystem, is working on a way to prevent front running and the extraction of MEV. The solution is expected to go live in the first half of 2022, according to Osmosis co-founder Sunny Aggarwal. But to really understand the solution, we need to first take a look at the problem. | DeFi protocol bZx compromised again: $55 million stolen in private key leak | Decentralized finance (DeFi) lending protocol bZx was compromised for $55 million today, in what is becoming a recurring theme. According to a tweet from the protocol today, the private key controlling the project's deployment on Polygon and Binance Smart Chain (BSC) was compromised earlier in the day. | English training firm ventures into Bitcoin mining amid China's tutoring crackdown | Meten EdtechX, a China-based and Nasdaq-listed English language training firm, has ventured into the Bitcoin mining space as China cracks down on the private tutoring business. Meten, which went public in March 2020 through a SPAC deal, first said in September that it plans to get into cryptocurrency mining to expand its business lines and soon raised nearly $60 million in a new round of equity issuance. | | | THIS NEWSLETTER IS BROUGHT TO YOU BY | Securing the World's Transition to Blockchain As blockchain transforms the global economy, institutions and investors urgently need secure, independent custody infrastructure for cryptocurrencies.
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| | | Payments company Square said Thursday that it made $1.82 billion in bitcoin revenue during the third quarter of 2021 via its Cash App, producing $42 million in gross profit from that activity. | | | Huobi Tech CFO Lily Zhang Discusses Global Crypto Development at Hong Kong Fintech Week
| | | - Faraway netted $21 million in funding to build browser-based blockchain games on Solana.
- Solana Ventures, Lightspeed, and FTX have announced a $100 million fund to invest in startups focused on building blockchain gaming studios.
- Crypto market surveillance firm Solidus Labs raised $15 million.
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