Riot purchases BTC miners worth $290M from MicroBT
Riot has announced its largest hash rate purchase with 18 EH/s supply from MicroBT. The 66,560 latest generation M66S model BTC miners will cost $290.5 million. Riot stock price rose following the news, trading to above $15 on Monday, December 4. Bitcoin mining company Riot Platforms, Inc. (NASDAQ: RIOT), has announced the purchase of over 66k miners from Bitcoin mining hardware manufacturer MicroBT. The purchase adds to the 33,280 miners Riot secured in an earlier agreement. It is the company’s largest so far, Riot CEO Jason Les said in a press release . Riot purchases 18 EH/s of miners from MicroBT According to the mining firm, the new order is for 66,560 of MicroBT’s M66S model, a recently announced miner boasting an efficiency rating of 18.5 Joules per terahash. The total cost for the miners will be $290.5 million, with the average price per TH at approximately $16. Riot also said it had updated its long term purchase agreement with Mic...