Arcane Crypto Orders First Batch of Mining Rigs

Oslo-based Arcane Crypto ordered its first batch of Antminers to start mining crypto, the company said in a press release.

• The company purchased 352 Antminers s19 Pro, one of Bitmain’s latest models, through its subsidiary Arcane Green Data Services.
• The batch’s total computing power is 38,720 Th/s, andwill be operational during Q3 of this year. Company CEO Torbjørn Bull Jenssen expects the batch to bring in around SEK 3.5 million (US$407,000) of revenue per month, he said in the statement.
• Arcane Crypto will have enough hosting facilities to double its mining capacity in Q1 2022, and is exploring ways to expand its hosting capacity even further,
• Despite a rise in difficulty adjustment yesterday, mining revenues are expected to keep increasing.
• Arcane Crypto listed on Sweden’s Nasdaq First North stock exchange through a reverse takeover in February.