coindesk.com
Crypto mining firm Argo Blockchain has agreed to buy 20,000 mining machines for the data center it is building in West Texas.
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The Bitmain Antminer S19J Pro machines will increase London-based Argo’s hashrate by more than 2 exahash to a total of 3.7 exahash by the end of third-quarter 2022, the company announced Thursday.
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The deposit for the order is being funded by Argo’s cash reserves. The company did not give a value for the order and had not responded to a request for more information by press time.
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The machines will be dispatched to the West Texas data center starting in the second quarter next year.
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Argo completed the land purchase for the new data center in March this year.
Read more: Argo Blockchain Raises $112.5M in US Share Sale