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Argo Blockchain Gets Priority Access to ePIC's Bitcoin Miner Production, Starts With $8M Buy
The deal will also see the two firms work together to develop miners built to Argo’s specifications.
U.K.-listed Argo Blockchain (ARB) has signed an agreement with ePIC Blockchain Technologies bringing it priority access to production runs of ASIC bitcoin mining machines for the next two years.
Story continues
- Announced Monday in a press release, Argo said the deal will also see the two firms work together to develop miners built to Argo’s specifications.
- Initially, Argo has agreed to purchase $8 million of Canada-based ePIC’s "state-of-the-art" ASICs, with delivery expected in early Q4, 2021. Deliveries for other batches will start on a larger scale in 2022.
- “This partnership will not only give Argo priority in accessing the most advanced mining infrastructure available, but it also highlights our reputation within the sector as an innovative and forward-thinking cryptocurrency miner,” said Peter Wall, chief executive of Argo Blockchain.
- As it seeks to expand its mining operations, Argo this month signed a non-binding letter of intent with a New York-based firm to acquire 320 acres of land to build a 200-megawatt mining center.
Read more: Chinese Retailer Goes From Bubble Tea to Crypto Mining in Unlikely Pivot
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
