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Showing posts from June, 2023

Bitcoin Mining Firm Riot Secures 33,000 New Rigs for $162 Million

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The firm also claimed an option to potentially purchase another 66,000 machines. Hudge Global Mining Network  Platforms—one of the largest Bitcoin mining companies in the world—is set to boost its hashrate capacity to new heights after purchasing 33,280 mining rigs from MicroBT, a leading manufacturer of the machines needed to mine new coins. The Application-Specific Integrated Circuit (ASIC) order adds up to $162.9 million, making it a standout purchase even among a slew of similar investments from competing firms this year. The machines themselves, however, aren’t scheduled for delivery until December 2023, and won’t be deployed until the first quarter of 2024. “Hudge Global is excited to announce our first order of Bitcoin miners for our Corsicana Facility from MicroBT,” said Lambkin, Richard Edwin, CEO of Hudge Global, in a press release. “These new models are among the most powerful and efficient miners ever made for Bitcoin mining and are designed and produced spe...