BITMAIN Signs $17.7 million ANTMINER S19 Pro Deal with Nasdaq-Listed Riot Blockchain

Singapore, Aug. 24, 2020– BITMAIN– the globe’s leading manufacturer of cryptocurrency mining equipment proceeds its collaboration with among minority Nasdaq-listed cryptocurrency mining business– Riot Blockchain (” Riot”, “Riot Blockchain” or the “Company”) by implementing one more acquisition arrangement of 8,000 future generation BITMAIN ANTMINER S19 Pros. The ANTMINER S19 Pro is an additional hot-selling miner introduced by BITMAIN previously this year, including a hash price of 110 TH/s, with a power effectiveness of 29.5 ±% 5 J/TH. This brand-new $177 million agreement with Riot marks one more worldwide landmark of BITMAIN’s ANTMINER S19 Pros.

” We rejoice to proceed as well as increase our participation with Riot. Trouble is a lasting pal of ours, and also we have actually experienced as well as aided them accumulating an effective mining procedure in North America. Geared up with one of the most innovative chipset presently readily available, our ANTMINER S19 Pro redefined the sector requirement of hash price with a superior power performance. Our team believe this brand-new acquisition assistance will certainly Riot broaden a leading setting on the market and also meet their service vision, which we are greater than pleased to be and also proceed belonging to.” stated Irene Gao, ANTMINER Sales Director of NCSA Region, BITMAIN.

This acquisition contract has actually a specified shipment timetable of 2,000 S19 Pros monthly beginning in January 2021 as well as proceeding via April 2021 till the order is total.

” Riot Blockchain deeply values the connection created with BITMAIN for many years. We are concentrated on developing our mining procedure with one of the most effective equipment on the marketplace, consequently the S19 Pro has actually been the leading option throughout this development duration. Trouble established the enthusiastic hash price objective of 1 EH/s by very early 2021, although sourcing equipment can be incredibly tough throughout the present pandemic as well as in this financial environment. BITMAIN supplied us with remarkable solution in a course in the direction of attaining our objective and also due to their durable supply chain we are arranged to surpass it. We value our connection with BITMAIN as well as eagerly anticipate sustaining each various other as our sector expands.” Jeff McGonegal, CEO of Riot Blockchain.

Starting from a 4,000 S17 Pro placement in December 2020, 15,040 overall ANTMINERs have actually been bought by Riot within a year. When the brand-new S19 Pros are totally released, Riot anticipates its overall hash price capability to be about 1.45 EH/s (1,446 PH/s) while using roughly 47 megawatts (MW) of power.