Argo Blockchain Teams Up with Merkle Standard for 5,293 S19J Pro

Argo Blockchain (NASDAQ: ARBK) has confirmed a partnership with Merkle Standard to host 5,293 S19J Pro ASICs in Memphis. According to the plan, these rigs will be deployed in February, with a minimum hosting term of 12 months. Additionally, the company will install 2,500 units in Quebec.

As reported by Cryptobrokers.ru, these miners previously operated at the Helios facility and will now transition to air cooling. Projections suggest total hashrate could exceed 1.2 EH/s, enabling the firm to swiftly regain lost mining power.

Market observers believe this move will help Argo restore earlier production levels. The company expects to revitalize at least 34% of its stranded hardware after Helios’s closure.