Argo Blockchain, a UK-based cryptocurrency miner, has signed a commercial agreement with ePIC Blockchain Technologies, a supplier of ASIC mining machines, to gain priority access to the latter’s ASIC mining rigs.

The parties will also work together right through the development process to specifically develop machines as per the specifications of Argo Blockchain.

As part of the agreement, Argo Blockchain will initially buy $8 million of the mining rigs of ePIC Blockchain Technologies. Besides, the cryptocurrency miner will have priority on all future production runs of ePIC Blockchain Technologies’ machines globally for this year and the next.

Argo Blockchain said that the expected delivery of the machines will start in early Q4, 2021. The cryptocurrency miner said that the larger scale delivery of ePIC machines will begin next year.

Additionally, the cryptocurrency miner will help in developing and testing future products and will have an option of a first right of refusal to buy additional production.

Peter Wall – Chief Executive of Argo Blockchain said: “This partnership will not only give Argo priority in accessing the most advanced mining infrastructure available, but it also highlights our reputation within the sector as an innovative and forward-thinking cryptocurrency miner.

“By working with a world-class supplier of ASICs at the development and R&D phase to collaboratively create machines to our own specification, it will only further our technical capabilities and efficiency in our mining operations.”

Argo Blockchain will also give space and capacity at one of its facilities for the research and innovation engineering teams of ePIC Blockchain Technologies for development purposes for future machines.

Henry Quan – ePIC Blockchain Technologies said: “ePIC is delighted to partner with Argo to establish North America as a center of excellence for Blockchain mining and decentralization of blockchain security to rival Asia.

“The teams at ePIC and Argo are strategically aligned in the quest to deliver innovative solutions and efficiencies only made possible through a close partnership. This vertical integration of sorts enables the lockstep delivery of advanced blockchain platforms combined with datacenter excellence.”

  Argo Blockchain, ASIC mining rigs, blockchain technology, ePIC Blockchain Technologies, Henry Quan, Peter Wall, United Kingdom, USA