CASTLE ROCK, Colo., Could 7, 2020 /PRNewswire/ — Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot” or the “Firm”), one of many few Nasdaq listed public cryptocurrency mining firms in the US, publicizes the acquisition of an extra 1,040 subsequent era 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 latest strategic initiatives centered on increasing its bitcoin mining operations. The purchases had been funded from Riot’s obtainable money readily available. Riot anticipates that the full 2,040 new S19 miners will likely be acquired and deployed within the third quarter of 2020. As soon as the full 2,040 new S19s are acquired and totally deployed, Riot estimates its mixture working hash fee will enhance over 80% to roughly 457 petahash per second (“PH/s”) and make the most of roughly 16.5 megawatts of power.
The newest era of bitcoin (“BTC”) Software-Particular Built-in Circuit (“ASIC”) miners from Bitmain are markedly extra power environment friendly than prior Bitmain fashions and different ASIC miners at the moment obtainable. The Could 6th buy of 1,040 Bitmain S19 Antminers boast a hash fee of 95 TH/s and an power effectivity of 34.5±% 5 joules per terahash (J/TH).
COVID-19 Replace: As revealed in its earlier disclosures, Riot is constant to intently monitor COVID-19 and its potential impression on the Firm’s workforce, operations, finance and liquidity. To this point, the impression has remained minimal.
About Riot Blockchain
Riot Blockchain (NASDAQ: RIOT) makes a speciality of cryptocurrency mining with a give attention to 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 positioned in Oklahoma Metropolis, Oklahoma. For extra data, go to www.RiotBlockchain.com.
Protected Harbor
The data supplied on this press launch could embody forward-looking statements regarding future occasions or the long run monetary efficiency of the Firm. As a result of such statements are topic to dangers and uncertainties, precise outcomes could differ materially from these expressed or implied by such forward-looking statements. Phrases corresponding to “anticipates,” “plans,” “expects,” “intends,” “will,” “potential,” “hope” and related expressions are supposed to determine forward-looking statements. These forward-looking statements are based mostly upon present expectations of the Firm and contain assumptions that will by no means materialize or could 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 varied dangers and uncertainties. Detailed data concerning components 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 components described within the sections entitled “Threat Elements,” 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.
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