Riot Blockchain mining company ordered more 42 000 Antminer S19j – Bits Media

Mining company Riot Blockchain ordered from Chinese manufacturer Bitmain 42 000 ASIC miners S19j Antminer worth $138.5 million, which will double the current hash rate of the company.

Bitmain will supply the mining company with software on a monthly basis 3 500 Antminer S19j Pro from November 2021 years to October 2022 of the year.

Operational Director Riot Blockchain Megan Brooks (Megan Brooks) stated, that thanks to the latest acquisition of ASIC Mainers, the company will significantly increase its mining capacity in the United States. Brooks reported, that the purchase of 42,000 mining devices is included in the Riot Blockchain business plan and the company will continue to expand its capabilities.

Previously, Riot Blockchain planned to increase its hash. 3.8 Eh/s by the end of the year. However, having ordered so many mining devices, The company will exceed the intended indicator by half – to 7.7 Eh / s. After the commissioning of the ordered equipment, At the disposal of Riot will be 81 150 Miners Antminer, 95 % out of which – ASIC Mainers S19 of the latest generation. At the end of last year, the company ordered from Bitmain 15 000 ASIC Mainers of the Antminer line, And in August, Riot entered into an agreement with Bitmain for the supply of 8,000 "ASIK".

Riot Blockchain shares are traded on the NASDAQ Stock Exchange. Despite the emergence of information about the purchase of equipment for mining, The company's shares fell sharply on 7%, Reflecting the overall correction in the cryptocurrency market.