Arkon Energy Orders 27,700 Next-Generation Bitcoin Miners from Bitmain

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

“We are very excited to announce 6 EH/s worth of purchase orders for the next-generation Antminer S21 and T21 from Bitmain,” said Josh Payne, Founder and Chairman. “This transaction marks a turning point for Arkon as it becomes a vertically integrated operator of both hosted and proprietary mining infrastructure across a portfolio of data centers in Texas and Ohio.”

Arkon, traditionally a hosting provider for Bitcoin mining customers, is transitioning into its own mining operation with this purchase. The new machines boast a total portfolio efficiency of less than 19 joules per terahash (J/TH), allowing Arkon to become one of the most efficient players in the Bitcoin mining sector after the upcoming April halving event.

Arkon, which currently operates with 117 MW of authorized capacity across two data centers in Ohio, is planning 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.

“Arkon has spent the past two years consolidating the struggling market for data center assets in the lowest-cost power market in North America,” Payne continued. “We are now taking the next step in vertically integrating our business by purchasing next-generation miners, with the goal of making Arkon one of the most efficient miners in the world.”

This news comes after Arkon announced last week that it would list on Euronext Amsterdam through a business combination with BM3EAC Corp.