Bitmain Sells 42,000 S19 Antiminers to Riot Blockchain
Bitcoin mining company Riot Blockchain has decided to expand its mining capacity by purchasing 42,000 S19 Antimners from Bitmain, a Hong Kong crypto-mining products manufacturer. The purchase was worth at least $138.5 million and it’s part of the company’s plans to increase its Bitcoin mining hashrate, aiming at 7.7 EH/s by mid-2021 (an increase in the target by more than 90%). Riot Blockchain Exceeding its EH/s Expectations. Bitmain will be delivering 2000 S19j Antiminers per month, starting in November 2021, continuing through October 2022. In August 2020, Riot Blockchain bought 8,000 S19 Pro Antimners from Bitmain worth $17.7 million. The…