Texas-based Bitcoin (BTC) miner Riot Platforms secured its largest-ever order of hash rate through the acquisition of 66,560 units of BTC miners, representing 18 EH/s, from MicroBT for $290.5 million, according to a Dec. 4 statement.
Riot furthered that it also obtained options to acquire 265,000 additional miners from MicroBT, which would add up to 75 EH/s to its hashrate. This move, the firm explained, aligns with its goal of achieving a 100 EH/s hash rate capacity. The miner had previously announced the purchase of 33,280 miners in June.
Per the statement, the deployment for the initially purchased 33,280 miners will take place during the first quarter of next year ahead of the highly anticipated BTC halving event, while the delivery and deployment for the new purchases will commence during the second half of the same year.
The Bitcoin miner added that it expects the deployments of all miners it purchased to be completed by the second half of 2025. According to Riot, by the second h
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