{"id":21469,"date":"2020-01-03T10:30:17","date_gmt":"2020-01-03T09:30:17","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=21469"},"modified":"2020-01-03T10:30:17","modified_gmt":"2020-01-03T09:30:17","slug":"uk-based-crypto-mining-firm-argo-blockchain-expects-3616-new-bitmain-machines-to-be-operational-by-january-10","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/uk-based-crypto-mining-firm-argo-blockchain-expects-3616-new-bitmain-machines-to-be-operational-by-january-10\/","title":{"rendered":"UK-Based Crypto Mining Firm Argo Blockchain Expects 3,616 New Bitmain Machines to be Operational by January 10"},"content":{"rendered":"
Argo Blockchain<\/a>, a crypto mining firm based in London, is going to operate new Bitmain mining machines to increase its mining capacity.<\/p>\n <\/p>\n In a blog post<\/a> announcing the news, published on January 2, Argo Blockchain said that it has received 3,616 Bitmain<\/a> Antminer T17 machines<\/strong> which are being installed and expected to be operational by January 10th, 2020.<\/strong><\/p>\n Argo Blockchain said that the new machines represent 159 petahash (PH), an increase of 75% from the Company’s existing installed base of mining machines. The company aims to increase it mining capacity by 240% by the end of first quarter of 2020. The blog post reads:<\/p>\n \u201cArgo is on track to operate a total production base of approximately 17,000 machines, or 640PH, by the end of the first quarter of 2020, increasing the Company’s total mining capacity by 204% from its current base.\u201d<\/em><\/p>\n Argo first placed an order of 5000 Bitmain Antminer S17 machines costing $13.09M USD.<\/p>\n