- The purchase cost the company nearly $163 million.
- It is expected that the equipment will arrive before the end of this year and will be connected in the first quarter of next year.
- The company also expects to purchase more than 66,000 units.
- After that, the performance of Riot objects will exceed 35 EH / s
As the BTC market emerges from a protracted crisis and the popularization of BRC-20 tokens, the activity of miners in the segment is gradually growing. Large companies are rushing to seize the opportunity, as evidenced by the build-up in equipment shipments.
On Monday, June 26, miner Riot Platforms Inc. published a press release on the purchase of a new batch of ASICs from the manufacturer MicroBT. The company purchased 33,280 M56S+ and M56S++ units.
The transaction amount is $162.9 million. At the moment, this is one of the largest purchases in the segment this year. The new equipment will allow the company to increase productivity by 7.6 EH/s to 20.1 EH/s.
Riot expects the rigs to ship before the end of December this year. At the same time, the company expects to reach the set capacity already in Q1 2024.
Moreover, the miner also stated that he received an option to purchase an additional 66,560 ASICs under the same conditions. In this case, the performance will reach 35.4 EH / s, almost 10% of the total hashrate in the Bitcoin network.
Interestingly, the installations will go to a facility in Corsicana, a business district near Dallas, Texas. Riot CEO Jason Les in an interview with Blockworks emphasized this fact, noting the firm’s commitment to supporting the industry in the US. The week before last there was another correction of mining difficulty. The indicator once again reached a new peak, bringing the halving date even closer.