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.

Sep 30, 2021 at 9:45 a.m. UTC
Updated Sep 30, 2021 at 3:36 p.m. UTC

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

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Jamie Crawley is a CoinDesk news reporter based in London.