Riot, one of the largest mining companies in the world, said it had acquired 33280 new cryptocurrency mining devices worth $162.9 million from MicroBT.
It has been decided that these miners will start to be delivered in December 2023, with deployment planned for the first quarter of 2024. The company also plans to increase the capacity of all equipment to 20.1 EH/s.
Riot has been given the opportunity to acquire up to 66560 additional M56S++ miners from MicroBT. These 66,560 units are expected to help increase Riot's mining capacity by 15.3 EH/s, raising its capacity to 35.4 EH/s.
According to Jason Les, CEO of Riot, "these latest models are the most impressive and economical ever built for bitcoin mining. They have been specifically designed and manufactured for immersion cooling systems such as those used at our Corsicana facility".
Earlier, Coinbase, the largest cryptocurrency exchange in the US, provided a $50 million loan to Canadian mining company Hut 8.
US mining company CleanSpark announced its plan to buy two mining facilities in Dalton, Georgia, for $9.3 million.