Argo Blockchain PLC brings new mining machines into production
The 1,295 S19 and S19 pro machines will add around 127 petahash of computing power to the cryptocurrency miner’s capacity
() said it has brought 1,295 S19 and S19 pro cryptocurrency mining machines into production this week.
The company said the machines, which were ordered in November and delivered ahead of schedule, will add around 127 petahash of computing power to its existing fleet of mining machines, bringing its total computing power to 772 petahash.
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Argo also said that by the end of the second quarter of 2021 its installed mining power will total 1,685 petahash, with the 10,000 machines required to achieve this target currently on order and expected to be delivered between February and June.
“We are very pleased that these machines have been delivered ahead of schedule. Our ongoing investment in new mining hardware puts us at the forefront of mining efficiency and ensures we continue to deliver a strong performance and create long-term value for shareholders,” Argo chief executive Peter Wall said in a statement.
The company’s shares jumped 10.1% higher to 79.3p in early deals on Friday.
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