Riot, one of the largest mining companies in the world, announced the purchase of more than 33,280 new cryptocurrency mining machines from MicroBT for a total of $162.9 million.

The agreement provides for the supply of new miners starting from December 2023. The hardware 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 Eh/s.

Riot was also able to purchase up to 66560 additional M56S++ miners from MicroBT. The company expects that these 66,560 machines will add 15.3 ECH/s to Riot’s mining power, up to 35.4 ECH/s.

“These new models are among the most powerful and efficient bitcoin mining ever created. They are designed and manufactured specifically for immersion cooling systems such as those used at our Corsicana facility,” said the CEO of Riot. Jason Les.

Earlier it became known that the Canadian mining company Hut 8 received a $50 million loan from the largest American cryptocurrency exchange Coinbase.

And Bitcoin mining company CleanSpark has announced that it intends to acquire two mining facilities in Dalton, Georgia for $9.3 million.