The agreement calls for delivery of the new miners starting in December 2023. Equipment deployment is scheduled to begin in the first quarter of 2024. The company also plans to increase the capacity of all equipment to 20.1 Ech/s.
Riot has also been given the opportunity to purchase up to 66560 additional M56S++ miners from MicroBT. The company expects these 66,560 machines to add 15.3 Eh/s to Riot’s mining capacity, to 35.4 Eh/s;
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“These new models are among the most powerful and efficient ever built for bitcoin mining. They are designed and manufactured specifically for immersion cooling systems, such as those used at our Corsicana facility,” said CEO Riot. Jason Les.
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Earlier it became known that the Canadian mining company Hut 8 received a $50 million loan from the largest U.S. cryptocurrency exchange Coinbase.
And bitcoin mining company CleanSpark announced that it intends to buy two mining facilities in Dalton, Georgia, for $9.3 million.