Arkon Energy US Holdco LLC, a leading Bitcoin mining infrastructure company, has placed a large order with Bitmain Development Pte. Ltd. for 27,700 new generation Bitcoin mining rigs, according to a press release sent to Bitcoin Magazine. This purchase includes 14,200 T21 machines and 13,500 S21 machines, with deliveries scheduled to begin in June 2024.
“We are very pleased to announce a purchase order of 6 EH/s for new generation Antminer S21s and T21s from Bitmain,” said Founder and Chairman, Josh Payne. “This transaction represents a turning point for Arkon, as we become a vertically integrated operator of both self-hosting and mining infrastructure across our data center portfolio in Texas and Ohio.”
Arkon, traditionally a hosting provider for Bitcoin mining clients, is moving toward self-mining operations with this purchase. The new hardware features 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 event in April.
Arkon currently operates 117 megawatts of certified capacity across two data centers in Ohio, and has plans to expand significantly. They have binding agreements to develop additional sites in the United States, which could boost their operating capacity to 307 MW, subject to successful financing and site development.
“Arkon has spent the past two years consolidating a distressed market for data center assets in some of North America’s lowest-cost energy markets,” Payne continued. “We are now taking the next step to vertically integrate the business by purchasing a fleet of new generation miners, with the aim of making Arkon one of the most efficient miners in the world.”
This news follows Arkon's announcement last week of its listing on the Euronext Amsterdam stock exchange through a business combination with BM3EAC Corp.
