{"id":50353,"date":"2023-06-27T06:59:09","date_gmt":"2023-06-27T06:59:09","guid":{"rendered":"https:\/\/lydian.io\/?p=50353"},"modified":"2023-06-27T06:59:12","modified_gmt":"2023-06-27T06:59:12","slug":"riot-platforms-plans-to-add-33000-bitcoin-miners-ahead-of-the-2024-halving","status":"publish","type":"post","link":"https:\/\/lydian.io\/riot-platforms-plans-to-add-33000-bitcoin-miners-ahead-of-the-2024-halving\/","title":{"rendered":"Riot Platforms plans to add 33,000 bitcoin miners ahead of the 2024 halving","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 19 Second <\/div>\n\n <\/div>

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Riot Platforms -- one of many world's largest bitcoin (BTC) mining firms -- has bought 33,280 \"next-generation\" bitcoin miners for its Texas facility for $162.9 million.<\/p>\n

The rigs, sourced from mining producer MicroBT, will increase the corporate's self-mining capability by 7.6 exahashes per second (EH\/s) and are available \"forward\" of the following bitcoin halving cycle, which is about to happen in mid-2019 . 2024<\/p>\n

Riot buys next-gen 7.6 EH\/s miners from MicroBT, made within the USA.<\/p>\n

Learn extra in at present's press launch: https:\/\/t.co\/esLToy798H<\/a><\/p>\n

\u2014 Riot Platforms, Inc. (@RiotPlatforms) June 26, 2023<\/a><\/p>\n

Jason Les, CEO of Riot Platforms specified<\/a> introduced on June 26 that the deal will improve the corporate's self-mining capability to twenty.1 EH\/s as soon as the machines are put in in Q1 2024:<\/p>\n

\u201cThese new miners, when absolutely deployed, will add an extra 7.6 EH\/s to Riot's self-mining capability, additional rising the effectivity of our already robust fleet forward of the upcoming Bitcoin halving.\u201d<\/p>\n

Les added the tools we constructed particularly for \"immersion cooling methods\" equivalent to these used on the firm's Corsicana facility.<\/p>\n

Of the 33,280 machines, 8,320 are M56S+ fashions with a hash fee of 220 terahashes per second (TH\/s), whereas the remaining 24,960 M56S++ are barely extra highly effective at 230 TH\/s.<\/p>\n

Nevertheless, The machines will not arrive until December and full deployment of the miners will not be complete until mid-2024. <\/p>\n

Riot said it could also purchase 66,560 M56S++ models before December 31, 2024, increasing the company's self-mining capacity by 15.3 EH\/s. The company can exercise this option in whole or in part.<\/p>\n

Join our team as they walk you through Riot's production and operations updates for the month of May. Riot produced 676 #Bitcoin<\/a> and had a supplied hash fee of 10.5 exahash per second.<\/p>\n

Hear from Riot's Vice President of Analysis: @BitcoinPierre<\/a>whereas addressing Riot's energetic neighborhood... pic.twitter.com\/lD3YJVkMct<\/a><\/p>\n

\u2014 Riot Platforms, Inc. (@RiotPlatforms) June 16, 2023<\/a><\/p>\n

Regardless of the information, Riot's inventory value fell 7.2% to $10.77 on June 26. after<\/a> to Google Finance.<\/p>\n

Associated: <\/strong>Generally, shopping for Bitcoin is preferable to BTC mining \u2013 evaluation<\/strong> <\/strong><\/p>\n

In the meantime, on June 21, Bitcoin miner Akron Power announced<\/a> that it has bought a 200 megawatt (MW) mining facility in Hannibal, Ohio for an undisclosed quantity.<\/p>\n

It's the Sydney-based firm's first enlargement after a $26 million undertaking lift<\/a> on June twentieth.<\/p>\n

The corporate plans to finish the preliminary design section of the Hannibal plant promptly and hopes to ship 100MW of energy.<\/p>\n

The internet hosting providers are supplied to the Firm's institutional purchasers within the Bitcoin business.<\/p>\n

Journal: <\/strong>Bitcoin 2023 in Miami offers with \u201cShit Cash on Bitcoin\u201d.<\/strong><\/p>\n