Riot Blockchain buys 15K Bitmain Antminers, expects 65% hash rate increase
Cointelegraph
Published Dec 22, 2020 03:43AM ET
Updated Dec 23, 2020 07:00AM ET
Riot Blockchain (NASDAQ:RIOT), a Nasdaq-listed cryptocurrency mining company, has inked another deal with Chinese mining giant Bitmain to buy 15,000 Antminers. According to a Dec. 21 announcement, the Colorado-based firm expects the new purchase will contribute a 65% increase to its total Bitcoin (BTC) mining hash rate.
The purchase cost Riot $35 million, comprising of 3,000 S19 Pro Antminers and 12,000 S19j Pro Antminers. The company expects to receive and deploy the new miners starting from May 2021 up to October 2021.
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Written By: Cointelegraph
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