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Riot Blockchain buys more miners

Riot Blockchain buys more miners (NASDAQ:RIOT)

Riot Blockchain (NASDAQ: RIOT) purchases an additional 1,000 Bitmain S19 Pro Antminer for $2.3M. Riot funded the acquisition with available working capital and has no long-term debt. By Q4, without any further miner purchases, Riot estimates its aggregate operating hash rate will be ~567 petahash per second (PH/s), consuming 14.2 megawatts of power, assuming full deployment of the total 7,040 next-generation miners.







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