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Riot Blockchain Announces Purchase Of 8,000 S19 Pro Antminers From Bitmain With Delivery Starting January 2021

CASTLE ROCK, Colo., Aug. 17, 2020 /PRNewswire/ -- Riot Blockchain, Inc. (NASDAQ:RIOT) ("Riot", "Riot Blockchain" or the "Company"), announces the execution of a purchase

Benzinga · 08/17/2020 20:47

CASTLE ROCK, Colo., Aug. 17, 2020 /PRNewswire/ -- Riot Blockchain, Inc. (NASDAQ:RIOT) ("Riot", "Riot Blockchain" or the "Company"), announces the execution of a purchase agreement for 8,000 next generation Bitmain S19 Pro Antminers (110 TH) for USD $17.7 million from BitmainTech PTE. LTD. ("Bitmain") for receipt and deployment starting in January 2021.Due to the substantial size of the order, Riot secured a lower cost per miner as compared to previous purchases, despite the recent increase in the price of bitcoin ("BTC"), which historically has increased the purchase price of miners.