Bitmain Supplies 4,000 Antminer S17 Pros to Nasdaq-listed Company

Bitmain Supplies 4,000 Antminer S17 Pros to Nasdaq-listed Company

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20. December 2019. by adminBTC
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At a time of intense competitors within the bitcoin mining area, Nasdaq-listed crypto mining agency, Riot Blockchain, is ramping up operations. The corporate has bought over 4,000 Bitmain Antimer S17 Professionals for its Oklahoma mining facility within the final month. Riot Blockchain Purchased 3,000 Bitmain Miners on Dec 4 Chances are you’ll not have heard
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At a time of intense competitors within the bitcoin mining area, Nasdaq-listed crypto mining agency, Riot Blockchain, is ramping up operations. The corporate has bought over 4,000 Bitmain Antimer S17 Professionals for its Oklahoma mining facility within the final month.


Riot Blockchain Purchased 3,000 Bitmain Miners on Dec 4

Chances are you’ll not have heard of Riot Blockchain (NASDAQ: RIOT), nevertheless it’s one of many few Nasdaq-listed corporations within the U.S. devoted to cryptocurrency mining.

The Oklahoma-based mining firm invested some $5 million in 3,000 Bitmain S17 Professional Antminers on Dec 4. It claimed that the cost-efficient Antminers would permit it to attain a 50% enchancment in {hardware} energy effectivity in comparison with the S9 miners presently in use.

The brand new technology miners are anticipated to generate roughly 440% of the S9’s hashrate whereas solely consuming an estimated 220% of an S9’s electrical energy utilization. 

Such an enchancment in effectivity, it says, will permit Riot to “considerably enhance” its working hashrate at its Oklahoma Metropolis mining facility–with out consuming additional electrical energy. 

Oklahoma isn’t essentially on the map for cryptocurrency mining. It additionally doesn’t possess untold quantities of renewable power like Quebec or the Pacific Northwest. Nevertheless, the price of industrial electrical energy charges is 27.82% lower than the nationwide common.

Whereas cryptocurrency mining continues to have challenges, together with value volatility of Bitcoin, the chance to amass important extra web hashrate capability on a really cost-effective foundation was decided to be compelling. 

Orders One other 1,000 Simply 2 Weeks Later

So compelling, it seems, that simply two weeks later (and earlier than even receiving the supply of authentic Bitmain Antiminers), Riot Blockchain is at it once more. All this firm needs for Christmas, it appears, is BTC mining {hardware}.

In an SEC submitting with yesterday’s date, the company determined to scoop up an extra 1,000 miners proving its bullish stance on the way forward for the trade.

Maybe Oklahoma will quickly be recognized for one thing aside from the Rodgers and Hammerstein musical–and develop into a hub for cryptocurrency mining as an alternative.

What do you make of Riot Blockchain’s newest purchases? Add your ideas beneath!


Photographs by way of Shutterstock



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