Riot Platforms, a prominent Bitcoin miner, has significantly expanded its operations by acquiring 31,500 WhatsMiner M60S miners, referred to as 'Next Generation' $BTC mining hardware, from MicroBT. This purchase, amounting to $97.4 million, adds a substantial 5.9 EH/s to Riot's self-mining capabilities, with each terahash costing approximately $16.50. This strategic move comes as the Bitcoin mining industry prepares for the upcoming April halving, a period that traditionally influences the profitability and operational strategies of mining companies. Additionally, CleanSpark, another key player in the sector, has completed the acquisition of three new facilities, further indicating a trend of expansion and investment within the industry ahead of the halving event.
#Bitcoin Miner Riot Acquires 31,500 'Next Generation' Whatsminers Machines Worth $97.4 Million https://t.co/99khxGgSYZ
Riot Platforms has acquired 31,500 Bitcoin mining machines, and CleanSpark has completed the acquisition of three new facilities https://t.co/Sw7WPswORF
Bitcoin miner expansion, buys ongoing ahead of April halving https://t.co/MW6IjieaFI
JUST IN: #BITCOIN MINER, RIOT, PURCHASES FURTHER $97.4 MILLION WORTH OF $BTC MINING HARDWARE
Riot strengthens its self-mining operations by purchasing 31,500 WhatsMiner M60S miners from MicroBT with a combined total of 5.9 EH/s purchased for $97.4 million, equating to approximately $16.50/TH. https://t.co/VTEYKAyn4e