2 years ago
Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
Crypto miner Argo Blockchain (ARB) plans to commencement operations astatine its flagship installation successful Texas adjacent week, the institution said successful a Thursday filing with the London Stock Exchange.
Argo shares jumped arsenic overmuch arsenic 12% to 67.5 pence ($0.84) successful London trading arsenic of 8:55 UTC.
Helios is acceptable to scope 200 megawatts (MW) of energy capableness successful its archetypal signifier of operation, which volition summation Argo's computing powerfulness by 243% to 5.5 exahash per 2nd (EH/s), the filing said. In its 2nd phase, Helios volition utilize an further 600MW to scope 20 EH/s.
Argo declined to specify the time the excavation volition commencement operating and astatine what capacity. "Much of that accusation has to travel done marketplace disclosure,” a spokesperson said.
Delivery and installation of the 20,000 Bitmain S19J Pro mining machines it bought successful September 2021 has started, it said. Some units are yet to beryllium delivered and are expected to get by October.
Installation of different batch of Bitmain S19J Pro mining rigs it obtained done a instrumentality swap with Core Scientific has started and volition proceed done July, the filing said.
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Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
Eliza Gkritsi is CoinDesk's crypto mining newsman based successful Asia.
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