Once a new mine is hired, the riot blockchain will almost double its total hash rate to 7.7 EH / s
Hong Kong, April. 08, 2021-Bitman-the world’s leading producer of cryptocurrency mining hardware today announced a new 42,000 Antminner S19J contract with Nasdaq-listed cryptocurrency mining company, Riot Blockchain, Inc. (“Riot Blockchain” or “Riot”). A minimum riot of 3,500 Antminer S19j ASIC minerals will be filed starting November 2021, and the rest are planned for receipt and deployment by October 2022.
The new purchase of 13 138.5 million is a strong strategic plan and a milestone in riot growth to increase the bitcoin mining hash rate. Once new miners are fully deployed, the riot predicts a significant hash rate increase to 7.7 EH / sec, which will double the company’s previously estimated mining rate of 4.0 EH / sec by October 2021.
“We are thrilled with our long-term cooperation with Riot as they continue to solidify their growth and position as one of the world’s leading companies in bitcoin mining. This growing partnership is a strong testament to our S19j. “The new order of Bitcoin’s Next-Gen Antminer will undoubtedly ensure rapid growth and long-term investment in riot mining activities,” said Irene Gao, Antminar Sales Director, NTSA Region.
“This long-term purchase order marks a major milestone in the continued expansion of riot mining activities,” said Riot CEO Megan Brooks. “Our existing mining fleet is already our public-company leader in bitcoin mining. By nearly doubling our planned hash rate capabilities, we are making great strides in increasing our share of the global hash rate distribution. We are proud of this achievement and extra in space.” I am focused on continuing to evaluate the opportunities. ”
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