Riot Platforms Set to Incorporate 33,000 Bitcoin Miners in Anticipation of the 2024 Halving

2023-6-28 16:46

Riot Platforms Prepares for 2024 Bitcoin Halving with 33,000 New Miners

In a strategic move ahead of the anticipated 2024 Bitcoin halving, Riot Platforms, a prominent Bitcoin mining company, has recently acquired 33,280 state-of-the-art Bitcoin miners from MicroBT. Valued at $162.9 million, these cutting-edge rigs are set to significantly expand Riot Platforms’ self-mining capacity by 7.6 exahashes per second (EH/s). However, the installation of these miners is scheduled for the first quarter of 2024.

Riot Platforms’ CEO, Jason Les, emphasized the positive impact of this acquisition, projecting that the firm’s self-mining capacity will reach an impressive 20.1 EH/s once the machines are fully operational. These new miners have been specifically designed for immersion cooling systems, similar to those utilized at Riot Platforms’ Corsicana facility.

Among the 33,280 machines, 8,320 units belong to the M56S+ model, boasting a hash rate of 220 terahashes per second (TH/s), while the remaining 24,960 units are the more powerful M56S++ variant, capable of 230 TH/s. However, due to their delivery schedule, the machines will only arrive in December, with the complete deployment anticipated to be finalized by mid-2024.

In addition, Riot Platforms is considering the purchase of an additional 66,560 M56S++ models before December 31, 2024. If exercised, this option would contribute a further 15.3 EH/s to the company’s self-mining capacity.

Despite this significant development, Riot Platforms experienced a 7.2% decline in its share price, falling to $10.77 on June 26. Meanwhile, another Bitcoin miner, Akron Energy, made its entry into the United States market by acquiring a 200-megawatt (MW) mining facility in Hannibal, Ohio. The Sydney-based firm plans to provide hosting services to its institutional-scale clients within the Bitcoin industry, with the Hannibal facility expected to yield 100 MW of power after the initial design phase.

Overall, Riot Platforms’ investment in new mining equipment signals its proactive stance in preparing for the upcoming Bitcoin halving and solidifying its position in the competitive mining sector.

Сообщение Riot Platforms Set to Incorporate 33,000 Bitcoin Miners in Anticipation of the 2024 Halving появились сначала на Coinstelegram.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 62431.22 (-0.29%)
Объем 24H $27.907b
Изменеия 24h: 2.68 %, 7d: -1.96 %
Cегодня L: $62426.49 - H: $63088.03
Капитализация $1229.77b Rank 1
Цена в час новости $ 30415.82 (105.26%)

bitcoin platforms 2024 halving riot miners prominent

Источник: coinstelegram.com

bitcoin platforms → Результатов: 126


Фото:

Lucid Sight Blockchain Gaming Platform Raises $6M from Notable Investors

In a bid to expand its distributed ledger technology (DLT) powered MLB Champions and Crypto Space Commander games and make them available on traditional platforms, Lucid Sight, the developer of innovative games for blockchain technologies, has raised $6 million from several investors, including Digital Currency Group, Galaxy EOS VC Fund and others, reports VentureBeat onRead MoreRead More.

2019-4-4 01:00


Фото:

DataLight Report: Bitcoin already ahead of Mainstream Platforms for Large Payments

Bitcoin is already the most popular payment system for high volume transactions, surpassing mainstream platforms like PayPal, Visa, and Mastercard, according to an April 1, 2019, study by DataLight. The cryptocurrency analysis platform believes that Bitcoin is on course to surpass these legacy payment platforms on all fronts within the next decade if it continuesRead MoreRead More.

2019-4-4 23:00


Фото:

Puerto Rico Approves Combination Bank for Fiat and Digital Assets

The San Juan Mercantile Bank & Trust International (SJMBT), a new bank in Puerto Rico catering to cryptocurrency traders, is now fully operational. SJMBT announced its receipt of all appropriate licensing from Puerto Rican regulatory officials to begin offering “fiat and digital asset custody and settlement services,” which are “to be integrated with the trading platforms offered by its affiliate, the San Juan Mercantile Exchange (SJMX).

2019-4-3 00:47


Facebook Bitcoin Scammers Target Aussie Celebs to Con Investors

Fraudsters and Facebook are profiting from scam ads featuring photos of popular Australian TV hosts that convince unwary Aussies to part with their cash and invest in bitcoin. You might expect this scam on an obscure internet chat room, maybe on the darknet, but nope, con-artists are using the world’s most popular social media platform and one of its biggest ad platforms to do it – and as far as Facebook is concerned it’s OK by them.

2019-3-30 11:40


CPI Technologies Presents Turnkey Blockchain Solutions, for Secure, Scalable Software Development

Bitcoin Press Release: CPI Technologies is a decentralized software company, which offers blockchain ecosystem development for individuals and companies. March 14th, 2019, Mainz, Germany – Blockchain Software Development and Marketing company CPI Technologies provides the development, deployment, and maintenance of finance and blockchain systems.

2019-3-18 10:12


Pomp Says Bitcoin is Better for Remittances, Prompts Ran NeuNer to Say XRP is Faster and Cheaper than Bitcoin

In a recent tweet uploaded by Ran NeuNer, he says that XRP is faster and cheaper than Bitcoin (BTC). The comments come after Anthony Pompliano, a recognized Bitcoin supporter and co-founder of Morgan Creek Digital, said that Bitcoin is cheaper and faster than most popular remittance platforms. Ran NeuNer Supports The XRP Community There has […]

2019-3-14 06:10


How to Earn Free Crypto Tokens With Airdrops

What is Airdroprating? Are Bounty Tokens or Airdrops emails flooding their inbox leaving you confused? Are you spending a multitude of hours digging information that is scattered across airdrop websites or platforms like Reddit, Bitcoin Talk, Facebook or Telegram? Apart from the fact that the task is time-consuming, it does not even let you access […] The post How to Earn Free Crypto Tokens With Airdrops appeared first on NullTX.

2019-3-13 12:05


TEAMZ Blockchain Summit Tokyo: 2019 Bitcoin And Cryptocurrency Conference

About TEAMZ Blockchain Summit Tokyo 2019 TEAMZ blockchain summit is a two-day conference scheduled to take place on April 6 – 7, 2019 in Otemachi 1st Square WEST 2F, Otemachi1-5-1, Chiyoda, Tokyo. The summit will bring together some of the world’s leading investors, stakeholders, investment banks, regulators, large institutions, media platforms and entrepreneurs in the blockchain […]

2019-3-7 12:47


Cryptocurrency CFDs Pros And Cons: Are Contract For Differences Better Than Bitcoin Exchanges For Trading?

With crypto CFDs becoming more popular, retail investors are beginning to wonder if it’s better than crypto exchanges and vice versa. With more financial investment companies and platforms offering CFDs as an alternative to cryptocurrency exchanges, more people want to know the better option for their trading and investment needs. In this article about CFDs, […]

2019-3-7 09:35


Фото:

Op Ed: Defining Decentralization: How Ambiguity Continues to Divide Crypto

There are many keywords in blockchain, but few spark as much emotion as “decentralization. ” For many of us, it was the dream of decentralization that inspired us to embark into the industry in the first place — the driving force encouraging us to explore the many industries and practice areas that could be positively impacted by this technology.

2019-3-1 19:43


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP price prediction: This group should wait for a 10% drop before buying

XRP has a strong support zone just below the current market prices. A drop below $0.5 remains likely based on the findings from the technical indicators. Ripple [XRP] has traded in a range fThe post XRP price prediction: This group should wait for a 10% drop before buying appeared first on AMBCrypto.

Bitcoin: Major groups keep the faith as BTC remains at $62K

Long term Bitcoin holders refuse to sell their holdings. Short term holders showcase a similar perspective, causing BTC's price to surge. Bitcoin [BTC] has been stagnating at the $62,000 levThe post Bitcoin: Major groups keep the faith as BTC remains at $62K appeared first on AMBCrypto.

Notcoin crypto: Exchanges announce listing date, TON impacted as well

Investors still have time to mine Notcoin before the airdrop.  Toncoin continued to benefit from Notcoin as its value surged.  Notcoin [NOT] has been creating buzz in the crypto community The post Notcoin crypto: Exchanges announce listing date, TON impacted as well appeared first on AMBCrypto.

Ethereum sees $12M whale transfer: What about ETH's price?

Ethereum's Netflow got more positive. ETH was close to entering the $3,000 price zone. Recent data indicates that one of the early Ethereum [ETH] holders has transferred millions of dollars The post Ethereum sees $12M whale transfer: What about ETH's price? appeared first on AMBCrypto.

XRP: Decoding what's next - Do bulls still stand a chance?

XRP struggled to stay above $0.50 amid a generally bearish trend. Despite the downturn, a majority in the community remains hopeful that XRP will catch the next bull run. It is no secret thaThe post XRP: Decoding what's next - Do bulls still stand a chance? appeared first on AMBCrypto.