Argo Blockchain has announced it has entered into a commercial deal with ASIC mining machine supplier ePIC Blockchain Technologies that will see both parties working together to build machines tailored to Argo specifications.
Argo has committed to an initial purchase of $8m USD of ePic’s mining rigs and have priority run on all machines globally this year and next year with delivery expected in the fourth quarter of this year. Larger deliveries are expected next year.
ePic is based in North America and its company introduction notes it has a successful track record of delivering ‘industry leading’ semiconductors for the likes of Microsoft and AMD with a reported strength in high performance computing and importantly power efficiency.
The deal will also see close collaboration with the development and testing of products, and Argo will also be providing providing space for R&D at one of its facilities.
Commenting on the agreeement was Peter Wall, CEO of Argo Blockchain who emphasized the importance the deal will have in creating further efficiency in mining operations:
“We are really excited about this agreement and working with ePIC, one of the industry’s preeminent ASIC design firms. 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. 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.”
Perry Hothi, Chief Technical Officer of Argo described the deal as a ‘game changer’.
