{"id":53211,"date":"2023-06-27T05:39:54","date_gmt":"2023-06-27T09:39:54","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=53211"},"modified":"2023-06-27T05:39:58","modified_gmt":"2023-06-27T09:39:58","slug":"riot-platforms-adds-33000-bitcoin-miners-to-its-facility","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/riot-platforms-adds-33000-bitcoin-miners-to-its-facility\/","title":{"rendered":"Riot Platforms Adds 33,000 Bitcoin Miners to its Facility"},"content":{"rendered":"\n

Riot Platforms, one of the world's largest Bitcoin mining companies<\/a>, has spent $162.9 million on 33,280 “next-generation” Bitcoin miners for its Texas facility ahead of the 2024 Bitcoin halving.<\/p>\n\n\n\n

\"Riot
Riot Platforms Adds 33,000 Bitcoin Miners to its Facility<\/figcaption><\/figure>\n\n\n\n

The mining rigs, sourced from manufacturer MicroBT, will increase the company's self-mining capacity by 7.6 exahashes per second (EH\/s) and arrive “in advance” of Bitcoin's next halving cycle, which is scheduled for mid-2024.<\/p>\n\n\n\n

According to CEO Jason Les, after the machines are deployed in the first quarter of 2024, Riot Platforms' self-mining capacity will increase to 20.1 EH\/s.<\/p>\n\n\n\n

\n

Riot Purchases 7.6 EH\/s of Next Generation Miners from MicroBT, Manufactured in the United States.

Read more in today\u2019s press release: https:\/\/t.co\/esLToy798H\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>— Riot Platforms, Inc. (@RiotPlatforms) June 26, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

Les incorporated the rigs we designed and constructed expressly for “immersion cooling systems,” such as those utilized at the Corsicana facility.<\/p>\n\n\n\n

\n

\u201cThese new miners will contribute an additional 7.6 EH\/s to Riot\u2019s self-mining capacity when fully deployed and will further enhance our already strong fleet efficiency in advance of the upcoming Bitcoin halving<\/a>.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

8,320 M56S+ machines have a hash rate of 220 terahashes per second (TH\/s), while the remaining 24,960 M56S++ machines have a slightly higher hash rate of 230 TH\/s.<\/p>\n\n\n\n

However, the machinery won't arrive until December, and the miners won't be fully deployed until mid-2024.<\/p>\n\n\n\n

Riot stated it may also acquire 66,560 M56S++ models before December 31, 2024, increasing its self-mining capacity by 15.3 EH\/s. This option may be exercised in whole or in part by the company.<\/p>\n\n\n\n

\n

Join our team as they take you through Riot's production and operations updates for the month of May. Riot produced 676 #Bitcoin<\/use><\/svg><\/span><\/a> and had a deployed hash rate of 10.5 exahash per second.

Hear from Riot\u2019s VP of Research, @BitcoinPierre<\/use><\/svg><\/span><\/a>, as he touches on Riot's active community\u2026 pic.twitter.com\/lD3YJVkMct<\/use><\/svg><\/span><\/a><\/p>— Riot Platforms, Inc. (@RiotPlatforms) June 16, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

Despite the news, Google Finance reports that Riot's share price declined 7.2% to $10.77 on June 26.<\/p>\n\n\n\n

Akron Energy, a Bitcoin miner, announced on June 21 that it had acquired a 200-megawatt (MW) mining facility in Hannibal, Ohio, for an undisclosed sum.<\/p>\n\n\n\n

It is the first expansion of the Sydney-based company into the United States following a $26 million capital raise on June 20.<\/p>\n\n\n\n

The company intends to promptly complete the initial design phase of the Hannibal facility<\/use><\/svg><\/span><\/a>, which it anticipates will generate 100 MW of electricity.<\/p>\n\n\n\n

Hosting services will be supplied to the company's institutional Bitcoin industry clients.<\/p>\n","protected":false},"excerpt":{"rendered":"

Riot Platforms, one of the world’s largest Bitcoin mining companies, has spent $162.9 million on 33,280 “next-generation” Bitcoin miners for its Texas facility ahead of the 2024 Bitcoin halving. The mining rigs, sourced from manufacturer MicroBT, will increase the company’s self-mining capacity by 7.6 exahashes per second (EH\/s) and arrive “in advance” of Bitcoin’s next […]<\/p>\n","protected":false},"author":12,"featured_media":53237,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[1094,373,15032],"class_list":["post-53211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin-miners","tag-riot","tag-riot-platforms"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/20220907_Riot-1200x675-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/53211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=53211"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/53211\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/53237"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=53211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=53211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=53211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}