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Dec 6

Riot Platforms will buy 66,560 ASIC miners from MicroBT for $290 million

Riot Platforms, an American mining entity, has exercised an option to acquire 66,560 Bitcoin mining rigs from MicroBT, totaling an impressive hashrate of 18 EH/s. The purchase amounts to $290.5 million, excluding potential fees, taxes, and adjustments. This acquisition builds upon a previous agreement with the manufacturer for the supply of 33,280 miners. The financial terms for procuring the mining equipment remained consistent with the earlier contract. The upcoming order predominantly comp...

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