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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.
Updated May 9, 2023, 3:16 a.m. Published Feb 22, 2021, 12:54 p.m.
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.
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- 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
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