Ohio-based Bitcoin mining and colocation firm Arkon Energy announced on Tuesday the procurement of 27,700 Bitcoin ASIC mining rigs from leading manufacturer Bitmain, representing a total hashpower of 6 exahash per second (EH/s). The order includes 13,500 Antminer S21 units and 14,200 T21 machines, with deliveries scheduled to begin in June 2024. This acquisition is expected to significantly improve the company's joules per terahash (J/T) efficiency.
Efficiency Boost to 19 J/T Ahead of Halving
Following the purchase, Arkon's overall mining fleet efficiency is projected to reach 19 J/T. The deal is strategically timed just before the fourth Bitcoin halving, which is anticipated to occur in approximately 17 days. Over the past six months, numerous mining companies have ordered thousands of new machines and expanded operations to prepare for the reduced block rewards.
Arkon founder Josh Payne stated: "We are very excited to announce the purchase order of 6 EH/s worth of new generation Antminer S21s and T21s from Bitmain. 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."
Expanding U.S. Capacity
The company also highlighted binding agreements to secure additional sites in the United States, aiming to increase its total capacity to 307 megawatts (MW), subject to successful funding and development. Additionally, Arkon has signed a letter of intent to secure an extra 100 MW of capacity expansion within its existing Hannibal site.
As the halving approaches, Arkon's large-scale deployment of next-generation miners and infrastructure expansion positions it to remain competitive in the post-halving landscape. The partnership with Bitmain underscores the continued high demand for efficient mining hardware despite the approaching reward reduction.