Arkon Energy US Holdco LLC, a leading player in bitcoin mining infrastructure, has placed a major 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 to begin in June 2024.
“We are very excited to announce the purchase order for 6 EH/s next-generation Antminer S21 and T21 from Bitmain,” said Founder and President Josh Payne. “This transaction marks a turning point for Arkon as we become a vertically integrated operator of hosting and self-mining infrastructure across our portfolio of data centers in Texas and Ohio.”
Arkon, traditionally a hosting provider for bitcoin mining clients, is pivoting towards self-mining operations with this purchase. The new machines feature an aggregate wallet efficiency of less than 19 joules per terahash (J/TH), positioning Arkon to become one of the most efficient players in the bitcoin mining sector following the upcoming drawdown event. half in April.
Arkon, which currently operates 117 MW of approved capacity in two data centers in Ohio, has plans for significant expansion. They have binding agreements to develop additional sites in the United States, which could increase their operating capacity to 307 MW, subject to successful financing and site development.
“Arkon has spent the last two years consolidating the distressed market for data center assets in some of the lowest-cost energy markets in North America,” Payne continued. “We are now taking the next step to vertically integrate the business with the purchase of a fleet of new generation miners, with the aim of making Arkon one of the most efficient miners in the world.”
The news follows Arkon. advertisement last week to list on Euronext Amsterdam through a business combination with BM3EAC Corp.
