Nasdaq-listed Bitcoin (BTC) mining agency Riot Blockchain has introduced a brand new buy of 5,100 Bitmain S19 Professional Antminers, which are sla
Nasdaq-listed Bitcoin (BTC) mining agency Riot Blockchain has introduced a brand new buy of 5,100 Bitmain S19 Professional Antminers, which are slated for deployment in February 2021.
The brand new miners will probably be bought for $11.2 million, and comes scorching on the heels of a $17.5 million deal for 8,000 S19 Professionals that was inked with Bitmain on August 24.
Riot expects to attain constructive money stream throughout late 2020 and attain an operational hash charge of 0.55 EX/s earlier than the top of the yr. Riot at the moment represents greater than 0.35 EX/s in hash energy, or almost 0.3% of the worldwide hash charge.
Riot goals to have deployed greater than 20,000 ASICs by June 2021, concentrating on a complete operational hashrate of two exahashes per second (EX/s). Riot at the moment operates 4,000 Antminer S17 Professionals and a couple of,000 S19 Professionals at a facility operated by Coinmint in Massena, New York.
The 5,100 new miners will bolster Riot’s hashing energy by roughly 0.55 EX/s. Riot Blockchain can also be nonetheless but to deploy 1,000 S19s it bought earlier this yr.
If the hash charge have been to stay regular at its present stage of roughly 120 EX/s, Riot would command 1.66% of the Bitcoin community’s whole hash energy at full deployment. Miners primarily based in the USA at the moment signify 6% of the worldwide Bitcoin hash charge mixed.
Remo Mancini, Riot Blockchain’s impartial chairman, mentioned:
“We’re believers in Bitcoin’s alternative to be a disruptive power within the conventional finance and foreign money methods. Riot is making strides in positioning itself to be part of that future, and this buy is a trademark of these efforts.”
Riot Blockchain’s share value is at the moment at $3.40 after establishing 15-month highs above $Four earlier this month.