Riot Blockchain Invests Additional $6M in Bitcoin Mining
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Oct. 7, 2020
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Cryptocurrency mining-focused company Riot Blockchain has announced it had purchased an additional 2,500 next generation S19 Pro Antminer crypto miners for $6.1 million from Bitmain.

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According to an official press release, deployment delivery of the mining rigs is scheduled in December 2020.

With the purchase, Riot Blockchain expects to reach 842 PH/s in operational hash rate with 9,540 miners. It means the company will increase approximately 50% over its previous deployed hash rate as of the end of 2020.

"Combined with the previously disclosed purchases of Bitmain S19 Pro Antminers, the company now expects to achieve a total hash rate capacity of 2.3 EH/s by June 2021, with 22,640 total miners deployed," the press release says.

Earlier in August, Riot Blockchain announced the execution of a purchase agreement for 8,000 Bitmain S19 Pro Antminers (110 TH) for $17.7 million also from Bitmain.

Bitcoin Mining Difficulty Hits New Record

The purchase agreement has a defined delivery schedule of 2,000 S19 Pros per month starting in January 2021 and other shipments through April 2021 until the order is complete.

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