Riot Platforms—one of the largest Bitcoin mining companies in the world—is set to boost its hashrate capacity to new heights after purchasing 33,280 mining rigs from MicroBT, a leading manufacturer of the machines needed to mine new coins.
The Application-Specific Integrated Circuit (ASIC) order adds up to $162.9 million, making it a standout purchase even among a slew of similar investments from competing firms this year.
The machines themselves, however, aren’t scheduled for delivery until December 2023, and won’t be deployed until the first quarter of 2024.
