tl;dr
This article highlights Riot Platforms' recent agreement to purchase 66,560 additional bitcoin miners, expanding its total to 18 exahashes per second (EH/s) with a total consideration of $290.5M. This significant acquisition comes on the heels of a previously announced purchase of 33,280 miners, sol...
This article highlights Riot Platforms' recent agreement to purchase 66,560 additional bitcoin miners, expanding its total to 18 exahashes per second (EH/s) with a total consideration of $290.5M. This significant acquisition comes on the heels of a previously announced purchase of 33,280 miners, solidifying RIOT's commitment to bolstering its mining capabilities.
The new miners are expected to be delivered and deployed in the second half of 2024, while the previously ordered miners are scheduled for deployment in Q1 2024. Following this news, RIOT saw a 10% jump in morning trading, reflecting the broader surge in crypto-linked stocks due to the extended rally of bitcoin. These developments underscore the fast-paced evolution and expansion of the cryptocurrency and blockchain industry.
More about Riot Blockchain Inc
Riot Blockchain Inc. is a company that focuses on cryptocurrency mining operations in North America. With a market capitalization of $2.85 billion, the company has seen a decrease in stock performance of -1.8% over the past year. Despite this, the stock price is currently at $16.18 with a 52-week high of $2.333 and a low of $0.121. The market sentiment towards Riot Blockchain Inc. is currently bearish, with uncertainties surrounding the company's performance in the cryptocurrency market.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.