The bitcoin mining corporation Riot Platforms, a publicly traded firm within the industry, recently announced a significant expansion of its operations. The firm has completed its largest-ever acquisition of application-specific integrated circuit (ASIC) miners, securing 66,560 units of Microbt’s latest Whatsminer M66S models. This substantial purchase is set to boost Riot’s current mining capabilities by 18 exahash per second (EH/s). Riot Platforms Amplifies Bitcoin Mining Capabilities With Record $290.5 Million ASIC Acquisition Operating from Texas and listed on the Nasdaq, Riot revealed its monumental investment of $290.5 million in acquiring 18 EH/s of Microbt bitcoin miners, averaging a cost of $16 per terahash. This acquisition marks Riot’s most substantial investment to date. The company has also negotiated future options to purchase an additional 75 EH/s of hardware from the ASIC manufacturer. The newly ordered 66,560 units of Microbt’s Whatsminer M66S models represent a s
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