Riot Blockchain acquires 1000 new Bitcoin miners

Riot Blockchain, a publicly traded company specializing in cryptocurrency mining, has acquired 1000 new Bitcoin ASICs brand Bitmain.

Last week, Riot Blockchain added 1000 Antminer S19, the latest generation machines (ASICs) from the giant Bitmain to its mining parks located in Colorado and New York State, reports Forbes.

Bitmain's latest Bitcoin miners (BTC) are significantly more energy efficient than previous models and other ASICs. Once the new S19s are received and fully deployed, Riot estimates that its overall operational hash rate will increase by 46% to around 358 petahash per second, ”announces Riot Blockchain.

Released at the start of the year, Antminer S19 from the Chinese manufacturer are compatible with cryptocurrencies operating under the SHA256 algorithm such as Bitcoin. They are equipped with a new chip allowing to reach an energy efficiency of 23J / TH and offer a hash rate of 95 TH / s.

Now converted into cryptocurrency mining, the formerly named mining company Bioptix, previously manufactured diagnostic equipment for the biotechnology industry.

The mining of cryptocurrencies is in turmoil during this pandemic and quarantine period. Riot Blockchain recently sounded the alarm and worried about the risks for his business.

We have known and will experience business disruptions resulting from quarantine, containment or other gestures and restrictions on the ability of our employees to do their jobs, "said Riot Blockchain in late March.