Bitmain Signs a Milestone Deal of 42,000 Antminer S19j miners with Riot Blockchain

Once the brand new miners are deployed, Riot
Blockchain will practically double its whole hash price to 7.7 EH/s

Hong Kong, April. 08, 2021 – Bitmain – the world’s main producer of cryptocurrency mining {hardware} immediately publicizes a brand new buy deal of 42,000 Antminer S19j miners with Riot Blockchain, Inc. (“Riot Blockchain” or “Riot”), a Nasdaq-listed cryptocurrency mining firm.  A minimal of three,500 Antminer S19j ASIC miners are scheduled to be delivered month-to-month to Riot beginning in November 2021, and the remaining are deliberate for receipt and deployment via October 2022.

The new $138.5
million buy represents a strong strategic plan and a development milestone for
Riot to extend its bitcoin mining hash price. Once the brand new miners are totally
deployed, Riot is predicted to realize a major hash price development to 7.7 EH/s,
which practically doubles the corporate’s beforehand estimated mining price capability of
4.0 EH/s by October 2021.

“We are
excited for our long-term cooperation with Riot as they proceed to solidify
their development and place as one of many world main corporations in Bitcoin
mining. This rising partnership can also be a robust proof of our S19j. The mannequin
has inherited Antminer S19 collection’ exceptional hash price and industry-leading
manufacturing high quality with glorious energy effectivity. The new order of
Bitmain’s next-gen Antminers will undoubtedly guarantee the speedy development and the long-term
funding of Riot’s mining operations”, mentioned Irene Gao, Antminer Sales
Director of NCSA Region, Bitmain.

“This long-term buy order marks a significant milestone within the continued
enlargement of Riot’s mining operations,” mentioned Megan Brooks, COO of Riot. “Our
present fleet of miners has already positioned us as a public-company chief
in Bitcoin mining. By practically doubling our deliberate hash price capability, we’re
taking an excellent stride in rising our share of the worldwide hash price
distribution. We are happy with this accomplishment and stay targeted on
persevering with to judge further alternatives within the area.”

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