MicroBT brings ASIC manufacturing to the US in partnership with Riot Platforms

riot stageThe largest public US bitcoin mining company in terms of developed capacity has made an important announcement regarding a partnership with a bitcoin ASIC manufacturer. MicroBT, Two major bitcoin companies will bring production of MicroBT’s ASICs to the US. The collaboration aims to secure miners for Riot’s Corsicana facility, which will significantly increase the company’s mining capabilities. According to a press release shared with Bitcoin Magazine, the development comes as Riot’s Corsicana facility is set to increase the company’s developed capacity to 1.6 GW.

“This settlement directly addresses every major criticism of our industry,” the press release said. “For those who are concerned about our energy consumption, these machines will be more efficient than ever… For those who say bitcoin mining data centers don’t actually create jobs, we are looking at a MicroBT manufacturing facility in Pennsylvania. Between, helping to create hundreds of jobs. Our state-of-the-art data center is coming to Corsicana, Texas.”

One of the highlights of this partnership is the expected increase in Riot’s self-mining hash rate capacity. Riot’s self-mining hash rate capacity is expected to increase by approximately 61% to over 20 EH/s by mid-2024, upon full installation of machines from this order, the press release said. This significant increase in capacity further establishes Riot’s position as a leading player in the bitcoin mining industry.

Furthermore, this partnership between Riot and MicroBT also marks an important moment for the industry. Bitcoin miner manufacturing has traditionally been concentrated in Asia, but this new partnership with Riot strengthens the domestic supply chain in the United States. This expands the options available to bitcoin miners, giving them a robust selection of machines.

Importantly, the collaboration between Riot and MicroBT will have a positive impact not only on the industry but also on local job creation. The machines will be manufactured by MicroBT in a new facility in the United States, creating jobs in the local area.

Riot’s partnership with MicroBT represents a major milestone within the bitcoin mining industry. Combined with increased hash rate, domestic manufacturing, and job creation, this collaboration is set to shape the future of bitcoin mining in the United States and contribute to the growth of the industry as a whole.