Riot Blockchain buys 2,500 more next generation S19 Pro Antminer from Bitmain

As the purchased of 13,100 S19 Pro Antminers from Bitmain, Bitcoin mining company Riot Blockchain continues its operational expansion with the purchase of an additional 2,500 next generation S19 Pro Antminer (110 TH/s) cryptocurrency miners for USD $6.1 million, scheduled for receipt and deployment delivery in December 2020.

Antminer S19 and S19 Pro Officially Announced

Summary of Riot’s miner purchases year to date:

April 2020 – 1,000 S19 Pro miners (110 TH/s) were purchased from Bitmain and have been deployed.

May 2020 – 1,040 S19 miners (95 TH/s) were purchased from Bitmain and have been deployed.

June 2020 – 1,000 S19 Pro miners (110 TH/s) were purchased from Bitmain, as of today over half of this order has been received and deployed with the balance expected to be received by late October 2020.

August 2020 – 13,100 S19 Pro miners (110 TH/s) were purchased from Bitmain, with delivery scheduled for the first half of 2021.

October 2020 – 2,500 S19 Pro miners (110 TH/s) were purchased from Bitmain, with delivery scheduled for December 2020.

Source: Riot Blockchain

The new purchase, plus the thousands of not-yet-delivered Bitmain rigs Riot expects to begin arriving this month, will drastically increase Riot’s hashrate from its current levels – around 500 PH/s – to an estimated 2.3 EH/s by June 2021, with 22,640 total miners deployed.

At full deployment, Riot expects to achieve 2.3 EH/s of total hash rate capacity by utilizing 73 megawatts of energy. This would result in Riot having an overall operational efficiency of approximately 32.33 ±% 5 joules per terahash (J/TH).

Riot’s latest purchase and lofty hash rate goal are further evidence of the massive infrastructural demands that bitcoin miners face to stay competitive as bitcoin’s price and mining difficulty both rise.

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