- One of the few Nasdaq listed public cryptocurrency mining companies in the US announces a gigantic order of Antminers for $ 138.5 million.
The fact that Riot Blockchain wants to be the largest and cheapest producer of Bitcoins in North America is likely to come true.
The latest proof of this is today’s announcement of a gigantic order for a mining facility worth $ 138.5 million. Riot Blockchain stated it has placed an order for 42,000 S19j Antminers from Bitmain, which will be fully delivered by October 2022. The first machines should be delivered in November 2021 with a regular delivery of 3,500 Antminers every next month.
This long-term purchase order marks a major milestone in the continued expansion of Riot’s mining operations,Megan Brooks, COO of Riot
Preliminary estimates say that only this arsenal has a capacity of 3.7 EH / s, which means that when added to the current arsenal, the total hash rate should reach up to 7.7 EH / s. Once fully deployed, Riot Blockchain should have a total of 81,150 Antminers, of which 95% will be the latest generation with the S19 series.
The company claims that this performance represents a 93% increase over previous hash rate estimates, which were at the level of 4.0 EH / s.