Argo Blockchain and Core Scientific have agreed to swap thousands of bitcoin miners as part of Argo’s pivot to operating its own crypto mining farms.
The fleet swap agreement published on Monday will see Core take delivery of Argo’s existing Bitmain Antminer S19 bitcoin miners already hosted at Core. This fleet with a capacity of 958 petahashes per second (PH/s) means that Core will be receiving approximately 10,000 units since the maximum hash rate of the Antminer S19 is 95 terahashes per second (TH/s).
Argo, on the other hand, will receive Core’s previously ordered fleet of Bitmain Antminer S19J Pro bitcoin miners with a total capacity of 967 PH/s. Since the S19J Pro has a maximum hash rate of 110 TH/s, Argo will be receiving approximately 9,000 units.
Argo is currently building an 800-megawatt facility in Texas, known as Helios, that could cost up to $2 billion to construct. These S19J Pro miners will be put to work on-site and will represent 60% of the company’s total mi
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