Mining Company Riot Blockchain Acquires 42 Thousand Antminers From Bitmain Coinexc

Bitcoin mining company Riot Blockchain, whose shares are traded on the Nasdaq exchange, signed a $ 138 million deal with Chinese ASIC producer Bitmain to buy 42,000 S19j Antminers.

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With these new mining devices acquired, the firm’s total hashrate capacity will expand to 7.7 exahash per second (EH / s). This marks a 93% increase since October.

Riot Blockchain shares rose over 230 percent in 2021 compared to the previous year. Its market value is currently over $ 4.5 billion.

Megan Brooks, the company’s COO, stated that the acquisition is a “significant milestone” for leading US mining companies.

“Riot’s current mining fleet has positioned the company as America’s leader in Bitcoin (BTC) mining. Riot continues to make great strides in growing both the Company’s and the United States’ share of the total hash rate by nearly doubling the planned hash rate capacity.

Top companies like Riot are in a hurry to take advantage of a new gold rush and scale operations.

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