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22 Feb, 14 tweets, 4 min read
1/ New RNS: Argo is pleased to announce it has signed a commercial agreement with @ePICBlockchain, a supplier of industry-leading ASIC machines, which will allow Argo priority access to state-of-the-art mining rigs.

2/ Argo has committed to an initial purchase of US $8m of rigs and will have priority on all future production runs of ePIC machines for 2021 and 2022. Delivery of the machines will begin in early Q4, 2021.

3/The companies will work together throughout the development process to build machines specifically to Argo’s specifications.

4/ Argo will assist in the development and testing of future products and will be given an option of a first right of refusal to purchase additional production.

5/ Argo will also provide space and capacity at one of its facilities for ePIC’s research and innovation engineering teams for development purposes for future machines. Larger scale delivery of ePIC machines will commence in 2022.

6/ Based in North America, the @ePICBlockchain team has a winning track record of designing and delivering industry-leading semiconductors for companies such as Sony, Nintendo, AMD, ATI Technologies Inc, Microsoft, Qualcomm, and others.

7/ @PeterGWall, Argo CEO said: “We are really excited about this agreement and working with ePIC, one of the industry’s preeminent ASIC design firms.
8 / 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.
9/ By working with a world-class supplier of ASICs at the development and R&D phase to collaboratively create machines to our own specification, it will only further our technical capabilities and efficiency in our mining operations."”
10/ Henry Quan, @ePICBlockchain CEO, said: “ePIC is delighted to partner with Argo to establish North America as a center of excellence for Blockchain mining and decentralization of blockchain security to rival Asia.
11 / The teams at ePIC and Argo are strategically aligned in the quest to deliver innovative solutions and efficiencies made only possible through a close partnership.
12 / This vertical integration of sorts enables the lockstep delivery of advanced blockchain platforms combined with datacenter excellence.”
13 / @perryhtee , Chief Technical Officer of Argo said: “This will be a game changer for Argo and ePIC. We are excited with the synergy between our teams.
14 / With the expertise ePIC brings on the chip side and the mining expertise of Argo, we truly believe this will enable us to be at the cutting edge of mining, from chip to data centre.”


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More from @ArgoBlockchain

10 Feb
1/ New RNS release:

Argo is pleased to announce it has entered into a non-binding LOI with DPN LLC to acquire 320 acres of land in West Texas with access for up to 800mw of power where Argo intends to build a 200mw mining facility in the next 12 months.

2 /

When completed, this facility will provide Argo with electricity at some of the lowest rates in the world with the majority from renewable sources.

Subject to entering into a definitive agreement and the satisfaction of related conditions, the overall price of this acquisition will be US$17.5M to be satisfied by the issue and allotment of new ordinary shares in Argo.

Read 6 tweets
5 Nov 20
Big news: we have successfully expanded our mining capacity while also improving our mining margins.

4,500 new rigs - 430 PH - coming to our fleet, Q1 2020!

New deals signed for hosting with @_CoreScientific and @CelsiusNetwork as our financing partner.


Argo has entered into a lease with @CelsiusNetwork for 4,500 Bitmain Antminer S19 and S19 pro miners for a term of 24 mths. 

Celsius is a great partner - they currently have over US$1.8B worth of AUM.   

The mining machines are valued at over US$10m.


The 4,500 new machines will be hosted by @Core_Scientific, which will provide physical hosting and access to electrical power at Core’s existing facilities in the US.  The partnership enables Argo to gain access to extremely competitive rates on hosting and power. 


Read 7 tweets

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