2024

Bitcoin

<a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/">Riot</a> Platforms, Inc., a leader in the Bitcoin <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/">mining industry</a>, has strategically bolstered its mining capabilities through the acquisition of 31,500 <a href="https://ultramining.com/en/manufacturers/microbt/">WhatsMiner</a> M60S miners from <a href="https://ultramining.com/en/manufacturers/microbt/">MicroBT</a>. This $97.4 million investment, translating to an efficient $16.50 per terahash (TH), is set to significantly enhance Riot's <a href="https://ultramining.com/news/en/riot-battles-texas-heat-to-produce-410-btc-and-stabilize-energy-grid/">self-mining</a> operations at its Rockdale Facility. With this move, Riot aims to replace underperforming machines and increase its mining efficiency, while also expanding its <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/">hash rate</a> capacity, according to <a href="https://www.riotplatforms.com/riot-purchases-31500-miners-from-microbt-to-enhance-and-expand-self-mining-operations-at-its-rockdale-facility/">Riotplatforms</a>. 
Scheduled for delivery in May and June 2024, this order will elevate Riot's Rockdale Facility's hash rate capacity from 12.4 exahashes per second (EH/s) to an impressive 15.1 EH/s by the end of July 2024. Furthermore, Riot's year-end hash rate target for 2024 is ambitiously set at 31 EH/s, factoring in additional growth at the new Corsicana Facility. 
The M60S miners, MicroBT's latest generation air-cooled machines, boast an efficiency rating of 18.5 joules per terahash (J/TH) and an output of approximately 186 TH/s per machine. This purchase not only signifies Riot's commitment to maintaining a leading position as a low-cost miner but also marks a significant step towards achieving a future 100+ EH/s mining fleet. MicroBT has expressed enthusiasm for continuing its partnership with Riot, supporting its ambitious expansion goals with high-performance <a href="https://ultramining.com/news/en/immersion-cooling-transforms-chinas-crypto-mining-landscape/">mining equipment</a>. 
Through strategic investments and partnerships, Riot continues to strengthen its position in the competitive Bitcoin mining landscape, demonstrating a commitment to innovation and sustainable growth.&nbsp;

Riot Platforms Amplifies Mining Capacity with Major MicroBT Miner Purchase

Ultramining_Eng

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