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 by more than 2 exahash to a total of 3.7 exahash by the end of third-quarter 2022, the company announced Thursday.
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.
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 this year.
Read more: Argo Blockchain Raises $112.5M in US Share Sale