Sunday, August 9, 2020
More

    Latest Posts

    Narkasa, an Innovative, Safe and Fast Cryptocurrency Exchange Launches Operations

    The cryptocurrency industry is always evolving, leading to increased awareness and popularity of Bitcoin and other crypto-assets. Among the leading areas of innovation in...

    Bitcasino Pens Key Partnership With OneTouch, Multiple New Games Announced

    Pioneering cryptocurrency casino operator, Bitcasino and mobile-first games developer OneTouch have announced an exciting new partnership. The agreement will see an engaging selection of...

    Worldpay from FIS Joins Klaytn Blockchain Governance Council

    Klaytn, the leading blockchain project led by the South Korean Internet giant Kakao(KRX: 035720), has announced that global financial technology leader Worldpay from FIS...

    Solidus making waves in the AI sector

    Established 2017 Solidus Technologies have been raising funds and working on building a data centre built for the purpose of High Power Computing and...

    Riot Blockchain announces purchase of 1,000 next generation Bitmain S19 Pro Antminers

    Riot Blockchain, Inc., one of the few Nasdaq listed public cryptocurrency mining companies in the United States, announces the purchase of 1,000 next generation Bitmain S19 (110 TH) Pro Antminers for USD $2.4 million from BitmainTech PTE. LTD. (“Bitmain”). This purchase is another step in the Company’s recent strategic initiatives and was funded from Riot’s available cash on hand.

    The latest generation of bitcoin (“BTC”) Application-Specific Integrated Circuit (“ASIC”) miners from Bitmain are markedly more energy efficient than prior Bitmain models and other ASIC miners currently available. The Bitmain Antminer S19 Pro boasts a hash rate of 110 TH/s and an energy efficiency of 29.5±% 5 joules per terahash (J/TH). Once the new S19s are received and fully deployed, Riot estimates its aggregate operating hash rate will increase by 46% to approximately 358 petahash per second (“PH/s”). Riot anticipates receiving the S19s by early July.

    “Bitmain has been working with Riot Blockchain for several years, the company has been using our Antminer products for operating their data centers, and soon to be utilizing the latest technologies we have in our product line-up, the S19 series.” Bitmain’s North American Team further stated, “We are confident with the continued cooperation and growth they have as they further expand their operations in the mining sector.”

    COVID-19 Pandemic Update: Per the press release issued on April 14, 2020, Riot is continuing to monitor COVID-19 and its potential impact on the Company’s workforce, operations, finance and liquidity. To date, the impact has remained minimal.

    About Bitmain

    Bitmain Technology Holding Company (“Bitmain”) is a multinational semiconductor company with state-of-the-art IC design capabilities. Bitmain offers products, including chips, servers, and cloud solutions, for blockchain and artificial intelligence (AI) applications. Bitmain has shipped billions of ASICs, accounting for 75% of the global market. Being one of the world’s few companies with the capability to develop cloud-based AI chips, Bitmain has successfully released four generations of its AI chip. For more information, visit http://www.bitmain.com.

    About Riot Blockchain

    Riot Blockchain is focused on building, operating, and supporting blockchain technologies. Its primary operations consist of cryptocurrency mining, targeted development of a cryptocurrency exchange, and the identification and support of innovations within the sector. For more information, visit http://www.RiotBlockchain.com/.

    Latest Posts

    Narkasa, an Innovative, Safe and Fast Cryptocurrency Exchange Launches Operations

    The cryptocurrency industry is always evolving, leading to increased awareness and popularity of Bitcoin and other crypto-assets. Among the leading areas of innovation in...

    Bitcasino Pens Key Partnership With OneTouch, Multiple New Games Announced

    Pioneering cryptocurrency casino operator, Bitcasino and mobile-first games developer OneTouch have announced an exciting new partnership. The agreement will see an engaging selection of...

    Worldpay from FIS Joins Klaytn Blockchain Governance Council

    Klaytn, the leading blockchain project led by the South Korean Internet giant Kakao(KRX: 035720), has announced that global financial technology leader Worldpay from FIS...

    Solidus making waves in the AI sector

    Established 2017 Solidus Technologies have been raising funds and working on building a data centre built for the purpose of High Power Computing and...

    Don't Miss

    nanopay Expands into Brazil with White-Label International Payment Solution for Brokers

    Treviso, a financial institution in Brazil known as a foreign exchange broker, has selected nanopay Corporation as the technology provider to enable self-service international...

    Chainalysis Joins Smart Contract Security Alliance

    Chainalysis, the blockchain analysis company, today announced its partnership with the Smart Contract Security Alliance (SCSA), an established collaboration of industry leaders that recommend...

    Trustology’s Custodial Wallet to Underpin Binance’s DeFi Ecosystem

    Trustology, the leading cryptoasset custody solutions platform, has today announced that it has extended custodial wallet support to the Binance chain, enabling users to...

    Singapore Bitcoin Traders Shift To PrimeXBT To Bet On Traditional Market Moves

    Traditional markets are more volatile than ever before, which means that these tried-and-true markets are attracting Bitcoin traders from all over, who don’t want...

    Riot Blockchain Announces Additional Purchase of Bitmain S19 Antminers

    Riot Blockchain, Inc., one of the few Nasdaq listed public cryptocurrency mining companies in the United States, announces the purchase of an additional 1,040...