Riot Platforms, a bitcoin mining company, has invested $162.9 million to purchase 33,280 advanced Bitcoin miners for its Texas data center. The move is in preparation for the upcoming halving event projected for mid-2024. The mining rigs, purchased from MicroBT, will increase Riot’s self-mining capacity by 7.6 exahashes per second (EH/s) and will be deployed gradually in the first quarter of 2024. Once fully operational, they will boost Riot’s self-mining capacity to 20.1 EH/s. CEO Jason Les emphasized the incorporation of immersion cooling systems into the equipment to enhance efficiency. Of the acquired miners, 8,320 units belong to the M56S+ model, and 24,960 units are the M56S++ devices. Riot is also considering further expansion of its self-mining capacity. On another note, Akron Energy, a bitcoin mining company, has acquired a 200MW mining facility near Hannibal, Ohio, as it enters the American market for the first time. The facility’s initial construction phase, providing 100 MW of electricity, is set for immediate completion. They plan to offer hosting services to institutional-level Bitcoin industry clients. However, despite these positive developments, Riot’s share price experienced a 7.2% decline on June 26.
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