Riot agreed to acquire 33,280 next-generation bitcoin miners from MicroBT, nearly doubling Riot's existing self-mining capacity to 20.1 EH/s.
The purchase agreement represents a 35% increase in Riot’s current, according to its website. Riot also has the option to secure an additional 66,650 M56S++ miners from MicroBT under the same terms, which could expand its computing power by a further 15.3 EH/s to 35.4 EH/s, if executed.
The new miners, designed and produced specifically for immersion cooling systems — like those used at Riot’s Corsicana facility — are among the most powerful and efficient miners to date. “These new miners will contribute an additional 7.6 EH/s to Riot’s self-mining capacity when fully deployed and will further enhance our already strong fleet efficiency in advance of the upcoming Bitcoin halving,” Riot CEO Jason Les said in the announcement.“The M56S+ and M56S++ are the most powerful machines we have developed,” said MicroBT COO Jordan Chen.
The delivery of the new miners is set to begin in December 2023, with deployment planned to start in the first quarter of 2024.$259.2 million in revenue for the year ending December 2022. It also tripled its hashrate last year. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Honduras military takes over prisons after dozens die in riotHonduras' military began taking control of the country's violent prisons on Monday, following a gang dispute that left 46 inmates dead at a women's detention center last week, officials said.
Read more »
Honduras military takes over prisons after dozens die in riotOfficial video showed hundreds of shirtless male inmates, many tattooed and with their heads shaved, arranged on the floor of Honduras’ high-security Tamara prison with their arms over their …
Read more »
Riot Games Reveals New Cross-Game Summer Event Called Soul FighterSoul Fighter will bring a cross-game event to League of Legends, Teamfight Tactics, League of Legends: Wild Rift, and Legends of Runeterra.
Read more »
Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halvingRiot Platforms has purchased another 33,280 Bitcoin miners ahead of the next Bitcoin halving event, expected to take place in mid-2024. The firm purchased the rigs from mining manufacturer MicroBT for $162.9 million.
Read more »
‘The Beasts’ Producer Caballo Films Sets Series Adaptation of ‘El Proxeneta,’ Directed by Pilar Palomero (EXCLUSIVE)High-flying Madrid-based Caballo Films, behind Rodrigo Sorogoyen’s “The Beasts” and “Riot Police” and Borja Soler’s “The Route,” has put into development a fiction series adaptation of Mabel Lozano…
Read more »
At Least 5 Secret Service Agents Hauled Before Jan. 6 Grand Jury: ReportIt remains unclear what they discussed with the grand jury panel, or whether they were with Trump on the day of the riot.
Read more »