© Reuters.
By Samuel Indyk
Investing.com – UK headquartered cryptocurrency miner Argo Blockchain PLC (LON:) today announced 1,295 S19 and S19 Pro miners were brought onstream this week. The UK listed company expects the machines to add approximately 127 petahash to the company’s existing mining fleet. The cryptocurrency miner’s operations are based in North America with the largest facility in Quebec, Canada.
The order for the machines was placed in November 2020 and delivery has occurred ahead of schedule, bringing the company’s total installed computing power to 772 petahash. The hash rate is defined as the speed at which a computer can take any set of information and turn it into letters and numbers of a certain length, known as a hash. A petahash is equivalent to one quadrillion hashes.
“We are very pleased these machines have been delivered ahead of schedule,” said Argo Blockchain Chief Executive Peter Wall. “Our ongoing investment in new mining hardware puts us at the forefront of mining efficiency and…
