THELOGICALINDIAN - At a time of acute antagonism in the bitcoin mining amplitude Nasdaqlisted crypto mining close Riot Blockchain is ramping up operations The aggregation has purchased over 4000 Bitmain Antimer S17 Pros for its Oklahoma mining ability in the aftermost month
Riot Blockchain Bought 3,000 Bitmain Miners on Dec 4
You may not accept heard of Riot Blockchain (NASDAQ: RIOT), but it’s one of the few Nasdaq-listed companies in the U.S. committed to cryptocurrency mining.
The Oklahoma-based mining aggregation invested some $5 million in 3,000 Bitmain S17 Pro Antminers on Dec 4. It claimed that the cost-efficient Antminers would acquiesce it to accomplish a 50% advance in accouterments ability ability compared to the S9 miners currently in use.
Such an advance in efficiency, it says, will acquiesce Riot to “significantly increase” its operating hashrate at its Oklahoma City mining facility–without arresting added electricity.
Oklahoma isn’t necessarily on the map for cryptocurrency mining. It additionally doesn’t acquire untold amounts of renewable activity like Quebec or the Pacific Northwest. However, the amount of bartering electricity ante is 27.82% beneath than the civic average.
Orders Another 1,000 Just 2 Weeks Later
So compelling, it turns out, that aloof two weeks after (and afore alike accepting the commitment of aboriginal Bitmain Antiminers), Riot Blockchain is at it again. All this aggregation wants for Christmas, it seems, is BTC mining hardware.
In an SEC filing with yesterday’s date, the association absitively to beat up a added 1,000 miners proving its bullish attitude on the approaching of the industry.
Perhaps Oklahoma will anon be accepted for article added than the Rodgers and Hammerstein musical–and become a hub for cryptocurrency mining instead.
What do you accomplish of Riot Blockchain’s latest purchases? Add your thoughts below!
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