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Riot Platforms, one of the world’s largest bitcoin (BTC) mining companies, has bought 33,280 “next generation” bitcoin miners for its Texas facility, worth $162.9 million.
The rigs, which were acquired from mining manufacturer MicroBT, will increase the firm’s self-mining capacity to 7.6 exahash per second (EH/s) and will come in “advance” of bitcoin’s next halving cycle, which is expected to occur in the middle of the year. Is. 2024.
Riot purchased 7.6 EH/s next-generation miners from MicroBT, manufactured in the United States.
Read more in today’s press release: https://t.co/esLToy798H
– Riot Platforms, Inc. (@RiotPlatforms) 26 June 2023
Riot Platforms CEO Jason Less where did it go The deal will increase the firm’s self-mining capacity to 20.1 EH/s after the machines are installed in the first quarter of 2024, it said on 26 June:
“These new miners will contribute an additional 7.6 EH/s to Riot’s self-mining capacity when fully deployed and further increase the efficiency of our already strong fleet ahead of the upcoming bitcoin halving.”
Les added rigs we built specifically for “immersion cooling systems,” such as the rigs used at the firm’s Corsicana facility.
Of the 33,280 machines, 8,320 are M56S+ models with a hash rate of 220 terahash per second (TH/s), while the remaining 24,960 are slightly more powerful M56S++ at 230 TH/s.
Riot said it may also purchase 66,560 M56S++ models before December 31, 2024, adding 15.3 EH/s to the firm’s self-mining capacity. The Company may choose to exercise this option in whole or in part.
Join our team as they bring you up to date with Riot’s production and operations updates for the month of May. riot 676 originated #bitcoin And its deployed hash rate was 10.5 exahash per second.
Hear from Riot’s Vice President of Research, @bitcoinpierreAs soon as he touches upon Riot’s active community… pic.twitter.com/lD3YJVkMct
– Riot Platforms, Inc. (@RiotPlatforms) 16 June 2023
Despite this news, Riot’s share price fell 7.2% to $10.77 on June 26. According Google for Finance.
Connected: Buying Bitcoin Is Better Than Mining BTC Under Most Circumstances – Analysis
Meanwhile, on June 21 bitcoin miner Akron Energy announced It purchased a 200-megawatt (MW) mining facility in Hannibal, Ohio, for an undisclosed sum.
This is the Sydney-based company’s first expansion into the United States after $26 million Raise On 20 June.
The company plans to immediately complete the first design phase of the Hannibal facility, which it expects will provide 100 megawatts of power.
The hosting services will be provided to the firm’s institutional level clients in the bitcoin industry.
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