Shutterstock
Main page News, Mining, Bitcoin, Crypto Market, Cryptocurrency
Hot topic
Oct. 7, 2020

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.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

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.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.