By Samuel Indyk
Investing.com – Argo Blockchain PLC (LON:ARB), the UK-listed cryptocurrency miner, announced on Monday it has signed a commercial agreement with ePIC Blockchain Technologies which will allow Argo priority access to state-of-the-art mining rigs. The companies said they will work together throughout the development process to build machines specifically to Argo’s specifications.
As part of the deal, Argo has committed to an initial purchase of $8mln of ePIC’s mining rigs and will have priority on future production runs for 2021 and 2022. First deliveries of the machines are expected in Q4 of this year with larger scale deliveries commencing in 2022.
“We are really excited about this agreement and working with ePIC, one of the industry’s preeminent ASIC design firms,” Argo Blockchain CEO Peter Wall said in a statement. “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.”
In a video released on YouTube, Wall also said Argo will be hosting some machines from ePIC for R&D purposes on trying to make machines more efficient and innovative in the future. “I’m super excited to announce it,” Wall said.
Speaking about the deal, ePIC CEO Henry Quan said, “The teams at ePIC and Argo are strategically aligned in the quest to deliver innovative solutions and efficiencies only made possible through a close partnership. This vertical integration of sorts enables the lockstep delivery of advanced blockchain platforms combined with datacenter excellence.”
Argo Blockchain signs collaboration agreement with ePIC Blockchain Technologies
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.