Mining company Riot Platforms has entered into an agreement with MicroBT to purchase 33,280 bitcoin mining rigs from the manufacturer with a total hashrate of 7.6 EH/s.
Riot Purchases 7.6 EH/s of Next Generation Miners from MicroBT, Manufactured in the United States.
Read more in today’s press release: https://t.co/esLToy798H
— Riot Platforms, Inc. (@RiotPlatforms) June 26, 2023
The deal will be worth $162.9 million. The latest generation of ASIC miners will cost the company approximately $21.5 per TH.
MicroBT will manufacture the devices at a facility in Pittsburgh, Pennsylvania, USA. Deliveries are expected to begin in December. Once the rollout is completed during the first quarter of 2024, Riot’s hashrate will increase to 20.1 EH/s.
The company’s order includes 8,320 WhatsMiner M56S+ and 24,960 WhatsMiner M56S++. The energy efficiency of the devices is 24 J/TH and 22 J/TH respectively.
The manufacturer introduced the M56S++ model in May. Riot was also able to purchase up to 66,560 of these miners from MicroBT on an initial order basis. The company can exercise the option in whole or in part until the end of 2024.
Riot will install the purchased equipment in a data center located in Navarro County, Texas.
“These new models are among the most powerful and efficient bitcoin miners ever designed and built specifically for immersion cooling systems. […]. The devices will add an additional 7.6 EH/s to self-mining capacity when fully deployed and increase our already high fleet efficiency ahead of the upcoming halving,” said Riot CEO Jason Les.
Recall that in May the company mined 676 BTC and sold 600 BTC out of this volume, earning $16.5 million.
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