Riot Blockchain, a Nasdaq-listed cryptocurrency mining company, has inked another bargain with Chinese mining giant Bitmain to buy 15,000 Antminers. According to a Dec. 21 annunciation, the Colorado-based firm expects the new purchase will contribute a 65% increase to its total Bitcoin (BTC) mining hash rate.

The purchase cost Riot $35 million, comprising of iii,000 S19 Pro Antminers and 12,000 S19j Pro Antminers. The visitor expects to receive and deploy the new miners starting from May 2021 up to Oct 2021.

With the latest purchase, Anarchism further expands its total mining equipment from Bitmain, as the visitor has been regularly receiving and deploying new miners in 2020. At full deployments of more than 37,000 miners, Riot estimates its full operational hash rate to surge from 2.iii EH/south to 3.8 EH/south, consuming most 120 megawatts of energy.

Riot CEO Jeff McGonegal said that continued growth in deployed miners is "paramount to a miner'due south success," adding farther: "Expanding the Company'south bitcoin mining hash rate and operating on a toll-effective basis is very important, particularly during periods when the bitcoin spot price has appreciably increased."

As part of its partnership with Riot, Bitmain has been consistently delivering its latest Antminers to the U.s.-based house. In October 2020, the companies appear a deal for 2,500 Antminer S19 Pro on pinnacle of the previous batch of 5,100 Antminers deal and some other one for 8,000 Antminers in September.

Bitmain, i of the earth's largest crypto hardware suppliers, have been actively tapping the Due north America marketplace. In September 2020, Bitmain announced that mining operator Cadre Scientific volition get its first Due north American cooperative repair eye. Previously, Bitmain partnered with Foundry, a wholly-owned crypto mining subsidiary of Digital Currency Grouping. As part of the partnership, Foundry was set to provide financing to Bitmain's end customers in the market.