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Riot Buys 42,000 Bitcoin Miners


Colorado-based bitcoin mining company Riot Blockchain has announced a contract to purchase 42,000 S19j Antminers from Chinese manufacturer Bitmain for $138.5 million, which will bring its hash rate capacity to an estimated 7.7 exahashes per second.

Riot is scheduled to receive about 3,500 S19j Antminers per month starting in November 2021 and continuing through October 2022, as semiconductor chip shortages coupled with rising demand for ASICs has left supply chains across the bitcoin mining industry strained.

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