London-based mining company Argo Blockchain is purchasing 20,000 Bitmain Antminer S19J Pros to expand its operations.
Argo Blockchain will use the devices used to generate bitcoin (BTC) at its facility just under construction in Texas.
It is stated that the devices will be delivered in batches on a monthly basis in the second and third quarters of 2022.
By the end of this year, according to Thursday’s announcement. Production power of 1.7 EH/s Argo Blockchain aims to increase this number to 3.7 EH/s with the devices it will receive. According to information shared at the beginning of September, the company has produced 1,314 bitcoins since the beginning of 2021.
The company stated that it paid for the devices, which it did not disclose the total cost, from its cash reserve.
Listed in London and operating in North America, Argo Blockchain purchased the plot of the 200-megawatt data center it plans to build in West Texas earlier this year.