Argo Hosts 9,315 Miners in Memphis and Moves 2,500 to Quebec

Argo has secured hosting for 9,315 units at Merkle Standard’s Memphis data center, while an additional 2,500 rigs have been transferred to Quebec. TheMinerMag reports that 5,000 machines still require placement.

Idle hardware can lead to significant revenue losses, so the company is moving quickly to lock in suitable facilities. Argo anticipates favorable electricity rates in both locations, potentially boosting mining profitability.

Observers note that spreading out hardware lessens geographical risks and helps optimize expenses. However, future relocations will depend on market conditions and the availability of power-friendly sites.