Argo Buys $500K Worth of Zcash Miners as Bitcoin Revenue Shrivels

Argo has nearly doubled its mining capacity for zcash, possibly as it looks to diversify from bitcoin.

The publicly listed mining firm has bought 750 Antminer Z11s, which specialize in the Equihash algorithm, for a total of $474,000. The rigs are now already in operation and were working at full capacity, Argo said in a filing at the London Stock Exchange (LSE).

 

In a statement sent after this article’s publication, Argo CEO Peter Wall said his company was “bullish” on bitcoin and expects “all cryptoassets” to do well over the next six months.

 

“Argo saw an opportunity to get high-performing machines at an excellent price with a technology we are familiar with. We jumped on it,” he said.

 

Only a handful of coins use the Equihash algorithm and the largest, by far, is zcash. The acquisition means Argo – which listed on the LSE in 2018 – has significantly increased its zcash mining capacity. The new Z11s join the 1,000 rigs the company already owns.

 

출처: www.coindesk.com/argo-buys-500k-worth-zcash-miners-bitcoin-revenue-shrivels

Argo Buys $500K Worth of Zcash Miners as Bitcoin Revenue Shrivels - CoinDesk