In a significant move to bolster its Bitcoin mining capabilities, Riot Platforms, Inc. (NASDAQ: RIOT) has recently intensified its collaboration with MicroBT Electronics Technology Co., LTD, a leading manufacturer of Bitcoin miners. The company, recognized for its robust role in the Bitcoin mining and data center hosting sphere, declared the execution of a substantial purchase option. This move supplements Riot’s current mining power, propelling its position in the industry.
The agreement details reveal that Riot will acquire 66,560 of MicroBT’s latest-generation miners. This addition, combined with a previous order of 33,280 units, will remarkably enhance Riot’s self-mining hash rate capacity to surpass 38 EH/s. Furthermore, the company has been granted the option to purchase up to 265,000 additional miners, potentially expanding its capacity to over 100 EH/s.
Advancements in Mining Technology
The newly ordered miners predominantly comprise the M66S model, MicroBT’s most effic
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