Bitcoin Miner Argo Blockchain Looks to Raise $25M-$35M for 4.1 EH/s Hashrate Target

Bitcoin Miner Argo Cuts Year-End Hashrate View Citing Delayed Intel Mining Rigs

On Wednesday, Argo lowered its 2022 hashrate expectations from 5.5 EH/s to 3.2 EH/s, citing delays in the delivery and deployment of Intel’s (INTC) Blockscale ASIC chips because Intel is redesigning them. The redesign is meant to increase the efficiency of the machines, close to Bitmain’s Antminer S19 XP, whereas before they were geared towards higher hashrate, Wall said in the call.

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