Arkon Energy orders 27,700 next-generation Bitcoin mining machines from Bitmain

Arkon Energy US Holdco LLC, a leading player in Bitcoin mining infrastructure, has placed a significant order with Bitmain Development Pte. Ltd. for 27,700 next-generation Bitcoin mining machines, according to a press release sent to Bitcoin Magazine. This purchase includes 14,200 T21 machines and 13,500 S21 machines, with deliveries expected to begin in June 2024.

“We are very pleased to announce the purchase order of 6 EH/s of next generation Antminer S21s and T21s from Bitmain,” said Founder and Chairman Josh Payne. “This transaction marks a turning point for Arkon as we become a vertically integrated operator of both hosting and self-mining infrastructure across our portfolio of data centers in Texas and Ohio.”

Arkon, traditionally a hosting provider for Bitcoin mining customers, is focusing on self-mining activities with this purchase. The new machines boast a total wallet efficiency of less than 19 joules per terahash (J/TH), making Arkon one of the most efficient players in the Bitcoin mining sector after the upcoming halving in April.

Arkon currently operates 117 MW of approved capacity across two data centers in Ohio and has plans for significant expansion. They have entered into binding agreements to develop additional sites in the United States, potentially increasing their operating capacity to 307 MW, subject to successful financing and site development.

“Over the past two years, Arkon has consolidated the distressed data center asset market in some of the lowest cost energy markets in North America,” Payne continued. “Now we are taking the next step to vertically integrate the company with the purchase of a fleet of next-generation miners, with the aim of making Arkon one of the most efficient miners in the world.”

The news follows that of Arkon announcement listed on Euronext Amsterdam last week through a business combination with BM3EAC Corp.

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