Bitcoin miner Argo installs 3,600 new Bitmain machines, increasing its capacity by 75%

posted 16 days ago
Bitcoin miner Argo Blockchain company is adding 3,600 new Bitmain machines to increase its mining capacity by 75%. The London Stock Exchange (LSE)-listed firm said the new Bitmain Antminer T17 machines are expected to be operational by Jan. 10th. These machines will add 159 petahash (PH), an increase of 75% from Argo’s existing installed base of mining machines.

Looking ahead, the firm plans to install 6,384 more machines to increase its total mining capacity by 204% by the end of the first quarter of 2020. The firm recently said that it aims to become “the world's largest publicly-listed crypto miner by 2020.” To that end, it also increased its electricity from 14 megawatts to 64 megawatts. Notably, the firms CEO is said to be an experienced personal Bitcoin miner himself.
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