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Riot Blockchain buys 15,000 Antminers – Cryptocurrencies

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Riot Blockchain Fuels Up For 2021. Company Just Acquired 15,000 S19 Pro and S19j Pro Antminer of Bitmain. She has not hesitated to dip into her own funds to increase her hashrate as mining machine makers struggle to meet demand in 2021.

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And 15,000 more for Riot

According to a press release dated December 21, 2020, Riot Blockchain acquired 15,000 S19 Pro and S19j Pro Antminer of Bitmain.

This announcement comes a few days after a similar purchase of Core Scientific of 58,000 machines Antminer series ASIC.

The deployment of these 15,000 new mining rigs should take place from May to October 2021.

A spokesperson for Riot said the acquisition should allow the company to increase its hashrate from 2.3 EH / s to 3.8 EH / s.

She estimates that the facility should consume approximately 120 MW of power.

The CEO of Riot, Jeff McGonegal, had explained that the success of a miner depends on a constant increase in deployed equipment, which allows a parallel increase in hash rate, while operating on a cost-effective basis.

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2020 covid, 2021 out of stock

Riot says the purchases were made with the company’s own funds, without the company having to go into debt. This buying strategy appears to be part of a general trend at the industry level.

Riot and Core Scientific are among the many institutional players to have made this type of purchase.

The new machines are selling out very quickly and the vast majority of OEMs are out of stock for 2021.

Buyers have therefore turned to secondary markets where demand remains very strong.

The sales manager of Bitmain Antminer for the region America had mentioned the fact that the series Antminer 19 enjoyed great popularity in international markets.

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With Bitcoin (BTC) recently registering an ATH above $ 28,000, miners have every reason to invest in new, higher-performing machines. The danger posed by halving on BTC mining is now over. Bitcoin is currently on the $ 30,000 road. The entry of new retail investors and the support of institutional investors are causing the price of BTC to explode. The latter is looking good at the end of 2020, with a year 2021 that could well lead BTC to 100,000 USD.

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