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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  Platformsβ€”one of the largest Bitcoin mining companies in the worldβ€”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. β€œHudge 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. β€œThese new models are among the most powerful and efficient miners ever made for Bitcoin mining and are designed and produced spe...