Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs
On Tuesday, the Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s).
Ohio’s Arkon Expands Mining Fleet With 6 EH/S Boost From Bitmain
Arkon Energy has revealed its acquisition of 27,700 bitcoin application-specific integrated circuit (ASIC) mining units from the renowned manufacturer Bitmain. The company specified that it would receive 13,500 S21 Antminer rigs and 14,200 T21 mining machines. The delivery, scheduled to begin in June 2024, will enhance the firm’s joules per terahash (J/T) efficiency.
Following this recent acquisition, Arkon’s collection of mining devices is projected to achieve an efficiency rate of 19 J/T moving forward. The agreement with Bitmain is strategically timed just before the fourth Bitcoin halving event, anticipated to occur in 17 days. Furthermore, over the preceding six months, numerous mining companies have procured thousands of new machines and have expanded their operations in anticipation of the upcoming reduction in block rewards.
“We are very excited to announce the purchase order of 6 EH/s worth of new generation Antminer S21s and T21s from Bitmain,” expressed Arkon’s founder, Josh Payne, on Tuesday. “This transaction marks a turning point for Arkon, as we become a vertically integrated operator of both Hosting and Self Mining infrastructure across our portfolio of data centers in Texas and Ohio.”
Moreover, the company highlighted its binding agreements to secure additional sites in the U.S., aiming to increase its capacity to 307 megawatts (MW), “subject to successful funding and development of the sites.” Arkon has also entered into a letter of intent to secure an extra 100 MW of capacity expansion within its existing Hannibal site.
What do you think about Arkon acquiring 27,700 new miners from Bitmain? Let us know what you think about this subject in the comments section below.
