Bitcoin miner Riot Platforms Inc. stated it expects to take supply in addition to deploy 31,500 Whatsminer M60S miners value $97.4 million by the tip of July 2024. The addition of the brand new bitcoin mining machines is projected to extend the “self-mining” hashrate capability of Riot’s Rockdale Facility to fifteen.1 EH/s.
Alternative of Underperforming Miners
Bitcoin mining agency Riot Platforms Inc. introduced on Feb. 27 that it had entered an settlement to buy 31,500 Whatsminer M60S miners, valued at $97.4 million, from Microbt. From this order, roughly 14,500 next-generation miners are set to be “deployed in accessible capability on the Rockdale Facility.”
In accordance with a press release, the remaining 17,000 miners will exchange underperforming bitcoin (BTC) miners on the identical facility. Supply of the mining units is anticipated in Could and June of this yr. By the tip of July 2024, following the supply and deployment of all 31,500 miners, the self-mining hashrate capability of the Rockdale Facility is projected to extend from 12.4 EH/s to fifteen.1 EH/s.
Remarking on his agency’s buy of the dual-purpose bitcoin miners, Jason Les, the CEO of Riot Platforms Inc., stated:
By our crew’s fixed concentrate on bettering operations at our Rockdale Facility, we’ve recognized at the moment deployed underperforming machines finest suited to substitute. Changing these under-performing miners with the brand new M60S mannequin may have a optimistic impact on each our working uptime and vitality effectivity, as these are essentially the most environment friendly miners ever produced by Microbt.
Les said that the acquisition of the brand new batch of miners not solely reaffirms Riot’s dedication to low-cost bitcoin mining but in addition “additional enhances its industry-leading fleet into the longer term.”
Jordan Chen, the COO of Microbt, characterised Riot’s buy of 31,500 Whatsminer M60S miners as the newest milestone within the bitcoin miner’s “formidable journey to construct a mining fleet of greater than 100 EH/s within the coming years.”
In accordance with the assertion, the acquired M60S bitcoin miners are the agency’s newest technology of air-cooled machines with an effectivity ranking of 18.5 joules per terahash (J/TH). They produce roughly 186 terahash per second (TH/s) per machine.
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