Seeking Alpha
2020-10-07 09:49:05

Riot Blockchain continues hash rate expansion, provides deployment update

Riot Blockchain (RIOT) continues its operational expansion with the purchase of an additional 2,500 next generation S19 Pro Antminer ((110 TH/s)) cryptocurrency miners for $6.1M from BitmainTech PTE, scheduled for receipt and deployment delivery in Dec. 2020.The Company now expects to achieve a total hash rate capacity of 2.3 EH/s by June 2021, with 22,640 total miners deployed.RIOT says that: "As far as the Company is aware, no other publicly traded bitcoin mining company has disclosed a hashing capacity exceeding 2 EH/s".Shares +2% premarket.

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