The total hashrate of the new equipment will be 18 EH/s, with 72% (48,000) of shipments coming from the most powerful MicroBT M66S devices. MicroBT will also supply 14,770 M66 miners and 3,720 M56S++ devices.
$Riot Exercises Purchase Option on 18 EH/s of Latest Generation Immersion Miners from MicroBT, and Secures Additional Purchase Options Providing a Path to Exceed 100 EH/s.
– Riot places order for 18 EH/s of latest generation MicroBT Bitcoin miners, primarily consisting of the… pic.twitter.com/tEEudV6Z8n
— Riot Platforms, Inc. (@RiotPlatforms) December 4, 2023
The deal amounted to $290.5 million, that is, the company will pay an average of $4,360 for each ASIC miner. The new agreement was a continuation of the June deal, under which the Chinese manufacturer will supply Riot Platforms with 33,280 devices. At the same time, the equipment from the June deal should arrive at Riot sites in early 2024, and the new 66,560 miners will begin shipping in the second half of next year.
After installing all 99,840 devices, the total hashrate of the company’s equipment will reach 38 EH/s. Management expects that the company will be able to achieve this hashrate in the second half of 2025. At the same time, Riot immediately bought options for the supply of MicroBT equipment, which will allow the company to achieve a hashrate of over 100 EH/s.
In September, the US state of Texas paid $31.7 for voluntarily reducing energy consumption during a record heat wave.
Source: Bits
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