One of the largest Bitcoin mining companies, Riot Platforms, has purchased 66,560 new Bitcoin mining machines (rigs) from MicroBT while paying approximately $291 million.
According to the official announcement from Riot, it has placed an order for 66,560 rigs (18 EH/s) of the latest generation of Bitcoin miners, which includes brand new M66S models. The latest purchase will lead Riot to have a self-mining hash rate capacity of 38 EH/s.
Riot has also signed an agreement with MicroBT for an additional purchase of 265,000 units at the same price, which will help the mining firm achieve a capacity of over 100 EH/s in the future.
“I am excited to announce the largest order of hash rate in Riot’s history,” said Riot CEO Jason Les. “This purchase order and updated Agreement ensures that we will continue to own and operate one of the largest and most efficient Bitcoin mining fleets in the world.”
The purchase is Riot’s second major deal, as the firm previously purchased 33,280 miners from MicroBT in June. Riot said that the previously bought minders will be deployed in the first quarter of 2024, while the newly purchased 66,560 miners will be delivered and deployed in the second half of 2024.
Riot Platforms is a Nasdaq-listed digital infrastructure and Bitcoin mining company with mining operations in Texas. It is the second-largest Bitcoin mining firm by market cap.
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