Argo Blockchain to Buy 20,000 Mining Machines for West Texas Data Center

The 20,000 Bitmain Antminer S19J Pro machines will increase Argo’s hashrate by more than 2 exahash.

AccessTimeIconSep 30, 2021 at 3:36 p.m. UTC
Updated May 11, 2023 at 7:04 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Crypto mining firm Argo Blockchain has agreed to buy 20,000 mining machines for the data center it is building in West Texas.

  • The Bitmain Antminer S19J Pro machines will increase London-based Argo’s hashrate, a measure of computing power, by more than 2 exahash to a total of 3.7 exahash by the end of third quarter of next year, the company announced Thursday.
  • The deposit for the order is being funded by Argo’s cash reserves. The company declined to give a value for the order.
  • The machines will be dispatched to the West Texas data center starting in the second quarter next year.
  • Argo completed the land purchase for the new data center in March.

UPDATE (SEPT 30, 10:21 UTC): Adds Argo declines to give value of order.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about