CASTLE ROCK, Colo., Might 7, 2020 /PRNewswire/ — Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot” or the “Firm”), one of many few Nasdaq listed public cryptocurrency mining firms in the USA, proclaims the acquisition of a further 1,040 subsequent technology Bitmain S19 (95 TH) Antminers for USD $1.9 million from BitmainTech PTE. LTD. (“Bitmain”).
On April 30, 2020, Riot introduced its buy of 1,000 S19 Professional (110 TH) miners. The mixed buy of the two,040 new S19s, is one other step supporting the Firm’s current strategic initiatives centered on increasing its bitcoin mining operations. The purchases have been funded from Riot’s out there money available. Riot anticipates that the whole 2,040 new S19 miners will probably be obtained and deployed within the third quarter of 2020. As soon as the whole 2,040 new S19s are obtained and absolutely deployed, Riot estimates its combination working hash price will improve over 80% to roughly 457 petahash per second (“PH/s”) and make the most of roughly 16.5 megawatts of vitality.
The most recent technology of bitcoin (“BTC”) Software-Particular Built-in Circuit (“ASIC”) miners from Bitmain are markedly extra vitality environment friendly than prior Bitmain fashions and different ASIC miners at the moment out there. The Might 6th buy of 1,040 Bitmain S19 Antminers boast a hash price of 95 TH/s and an vitality effectivity of 34.5±% 5 joules per terahash (J/TH).
COVID-19 Replace: As printed in its earlier disclosures, Riot is continuous to carefully monitor COVID-19 and its potential affect on the Firm’s workforce, operations, finance and liquidity. So far, the affect has remained minimal.
About Riot Blockchain
Riot Blockchain (NASDAQ: RIOT) makes a speciality of cryptocurrency mining with a deal with bitcoin. Riot additionally holds non-controlling investments in blockchain expertise firms. Riot is headquartered in Fort Rock, Colorado, and the Firm’s main mining facility is situated in Oklahoma Metropolis, Oklahoma. For extra info, go to www.RiotBlockchain.com.
Secure Harbor
The data offered on this press launch might embrace forward-looking statements regarding future occasions or the longer term monetary efficiency of the Firm. As a result of such statements are topic to dangers and uncertainties, precise outcomes might differ materially from these expressed or implied by such forward-looking statements. Phrases similar to “anticipates,” “plans,” “expects,” “intends,” “will,” “potential,” “hope” and comparable expressions are meant to determine forward-looking statements. These forward-looking statements are primarily based upon present expectations of the Firm and contain assumptions that will by no means materialize or might show to be incorrect. Precise outcomes and the timing of occasions might differ materially from these anticipated in such forward-looking statements on account of numerous dangers and uncertainties. Detailed info concerning elements that will trigger precise outcomes to vary materially from the outcomes expressed or implied by statements on this press launch regarding the Firm could also be discovered within the Firm’s periodic filings with the Securities and Change Fee, together with the elements described within the sections entitled “Danger Components,” copies of which can be obtained from the SEC’s web site at www.sec.gov. The Firm doesn’t undertake any obligation to replace forward-looking statements contained on this press launch.
