Bitcoin Mining Hardware Maker Bitmain Closes another Antminer Deal with Riot Blockchain, 20,000+ Miners Sold by Bitmain to Riot in a Year – Crowdfund Insider

Bitcoin Mining Hardware Maker Bitmain Closes another Antminer Deal with Riot Blockchain, 20,000+ Miners Sold by Bitmain to Riot in a Year – Crowdfund Insider

Bitmain, a leading manufacturer of cryptocurrency mining hardware, has sold 5,100 Antminers to Riot Blockchain (NASDAQ: RIOT). Bitmain had also finalized the sale of 8,000 additional Antminers (in September 2020) to Riot Blockchain, which is a Nasdaq-listed digital currency mining company.

According to a release, Riot Blockchain will also be purchasing 2,500 Antminer S19 Pro (110 TH), which have been scheduled for receipt and deployment in December 2020. Riot has reportedly acquired 22,640 Bitmain miners within a year.

Irene Gao, Antminer Sales Director of NCSA Region, Bitmain, said that the crypto mining hardware firm has expanded its partnership with Riot. Gao confirmed that Riot purchased more than 20,000 Antminers from Bitmain during the past year.

She remarked:

“We are glad to [help Riot Blockchain with] their growth across North America and [also with] becoming one of the top players in the market. This continuously growing partnership is also another strong proof of our industry-leading Antminers S19 Pro, which features a remarkable hash rate of 110 TH/s with an energy efficiency of 29.5±% 5 (J/TH).” 

As reported in May 2020, Riot Blockchain had revealed that it had more than doubled the number of high-end Bitcoin (BTC) miners it operates – which should have roughly doubled its hashrate (amount of computing power) at around the time of the BTC halving.

On May 6, 2020, the company
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