- The purchase cost the company nearly $163 million
- The equipment is expected to arrive by the end of this year and be connected in the first quarter of next
- The firm also expects to purchase more than 66,000 more installations
- After that, Riot facilities will exceed 35 EH/s
As the BTC market emerges from its protracted crisis and BRC-20 tokens become popular, miner activity in the segment has gradually increased. Major companies are rushing to seize the opportunity, as evidenced by the ramp-up in equipment shipments.
On Monday, June 26, miner Riot Platforms Inc.. published a press release on the purchase of a new batch of ASICs from a MicroBT manufacturer. The company purchased 33,280 M56S+ and M56S++ units.. This is one of the largest purchases in the segment so far this year. The new equipment will allow the company to increase capacity by 7.6 EH/s, to 20.1 EH/s.
Riot expects the units to ship by the end of December this year. The company expects to reach this capacity as soon as Q1 2024.
Moreover, the miner also announced that it had received an option to purchase an additional 66,560 ASICs under the same terms.. The performance would then reach 35.4 EH/s, nearly 10% of the total hash rate on the Bitcoin network.</nbsp;
Interestingly, the installations will come to a facility in Corsicana, a business district near Dallas, Texas. Riot CEO Jason Les highlighted this fact in an interview for Blockworks, noting the firm’s commitment to supporting the industry in the U.S. The week before last saw another correction in mining complexity. The index once again reached a new peak, bringing the date of halving even closer.