Seeking Alpha
2021-01-19 16:41:44

Riot Blockchain sees installing 2,500 Antiminers in next week

Riot Blockchain ([[RIOT]] -1.0%) receives 2,500 Bitmain S19 Pro Antminers and expects their installation to be completed over the next week.Once they're fully deployed Riot will have a total of 9,540 Antminers in operation with a hash rate capacity reaching an estimated 842 petahash, representing an almost 50% increase in operational hash rate capacity.The miners are part of a purchase agreement announced in October 2020.Riot has an additional 28,100 S19 and S19j Pro Antminers on order that are scheduled for shipment on a monthly basis through October 2021.Once fully deployed, the company estimates it will have a total of 37,640 Bitmain Antminers in operation with an estimated aggregate bitcoin mining hash rate capacity of 3.8 Exahash/s.Meanwhile, Dilantha De Silva sees better ways to gain exposure to bitcoin for investors bullish on crypto.See RIOT's stock outpacing bitcoin (BTC-USD) and S&PT 500 over the past six months:

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