Bitcoin Miner Riot Blockchain Buys Electrical Supplier ESS Metron For $50 Mil...
The electrical equipment provider is key to Riot’s bitcoin mining operations and will enable timely installation of miners after the transaction.Riot Blockchain has bought the electrical equipment provider ESS Metron.The deal is valued at $50 million, paid in 715,413 Riot common stock shares and $25 million in cash.Denver-based ESS Metron is a crucial supplier to Riot’s Whinstone, Texas, facility.Bitcoin miner Riot Blockchain has acquired electrical equipment solutions provider ESS Metron, according to a press release published Wednesday. The transaction is valued at about $50 million, and....
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Publicly listed firm Riot Blockchain has announced the company is purchasing 15,000 S19 Pro and S19j Pro Antminer mining rigs from Bitmain. According to the company, the new shipment of next-generation miners will increase the operation’s hashrate to 3.8 exahash per second (EH/s). Following the announcement from Core Scientific this week purchasing over 58,000 Antminer series ASIC bitcoin miners from Bitmain, Riot Blockchain, Inc. (NASDAQ: RIOT) revealed it has purchased 15,000 new miners. The company says that it will obtain approximately 3,000 S19 Pro Antminers (110TH/s) and....
The publicly traded bitcoin miner aims to quadruple its current hashrate by mid-2021.
The $650 million deal sees Riot Blockchain acquiring a major data center owned by Northern Data AG, one of its competitors. Riot Blockchain is continuing its Bitcoin (BTC) mining expansion efforts. Reports suggest that the U.S.-based miner is set to purchase Whinstone US Inc, currently owned by Northern Data.The planned purchase was announced via a press release by Riot Blockchain on Thursday, with the U.S. Bitcoin miner paying $80 million in cash. The remainder will come from the sale of about 12% of its stock to Northern DAG.Whinstone reportedly operates the single largest Bitcoin mining....
Bitcoin mining firm Riot Blockchain announced its milestone purchase of $138.5 million in mining equipment this Wednesday. In a statement, the company announced that it will be purchasing 42,000 units of Bitmain’s Antminer S19J for $3,300 per unit. The standard hash rate of the model is 90 TH/s — meaning that Riot would be paying approximately $36 per TH/s of computing power. The global chip shortage and rising demand for crypto mining have led mining […]
Riot Blockchain will begin developing a 1 GW facility in Navarro County, Texas expected to create 270 jobs and drive economic growth during its first phase.