Riot Platforms, one of the world’s largest cryptocurrency miners, placed an order worth $97 million for the post-halving period.
According to the statement made by Riot Platforms, the company purchased from MicroBT $97.4 million in total in return 31,500 M60S model mining devices he ordered.
The company will use 14,500 of them to increase the capacity of its Rockdale facility. The remaining approximately 17,000 devices are in the same facility. underperforming devices will take its place.
The devices, which are expected to be delivered in May-June 2024, will increase the production capacity of the company’s Rockdale facility. From 12.4 EH/s to 15.1 EH/s will raise it.
Each M60S model device produces a hash rate of approximately 186 TH/s.
With the halving that will take place in April 2024, miners Bitcoin reward per block will be halved will be cut. Miners, after this update more efficiently It increases its production capacity and efficiency in order to operate.