Leading Bitcoin mining company, Riot Platforms, has purchased 33,280 mining units at a cost of $162.9 million for its Texas facility.
The deployment will happen ahead of Bitcoin’s second halving cycle, scheduled to take place in mid-2024.miner Riot Platforms has purchased 33,280 Bitcoin miners at a cost of $162.9 million for its Texas facility.on 26 June, announcing the deal. It states that the mining rigs, obtained from mining producer MicroBT, will increase the firm’s self-mining capability by 7.6 EH/s.
Riot Platforms CEO Jason Les said that once the machines are implemented in the first quarter of 2024, its self-mining capacity will rise to 20.1 EH/s. He also stated that “immersion cooling systems” are a major part of the rigs, such as those used in the company’s Corsicana location.
Of the 33,280 machines, 8,320 are M56S+ models with a hash rate of 220 TH/s; the rest of the 24,960 units are M56S++ devices with a hash rate of 230 TH/s. However, the rigs will not arrive until December. So, the deployment of these units will not take place until mid-2024. Bitcoin miner Riot also stated that it may purchase 66,560 M56S++ units by 31 December 2024. The purchase will increase its self-mining capacity by 15.3 EH/s. The miner may choose to execute this option entirely or partially.
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