Roth on Riot Platforms (RIOT): 'if costs were to double with the upcoming halving...adj. mining margin would sit near 50%'

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Go back to Roth on Riot Platforms (RIOT): 'if costs were to double with the upcoming halving...adj. mining margin would sit near 50%'

Riot Purchases 31,500 Miners From MicroBT to Enhance and Expand Self-Mining Operations at Its Rockdale Facility

February 27, 2024 9:00 AM EST

Riot strengthens its self-mining operations by purchasing 31,500 WhatsMiner M60S miners from MicroBT. This strategic investment replaces underperforming machines, boosts mining efficiency, and adds additional hash rate capacity at the Rockdale Facility

Order is for 31,500 MicroBT miners with a combined total of 5.9 EH/s purchased for $97.4 million, equating to approximately $16.50/THApproximately 14,500 miners in this order will add to self-mining capacity, the remaining 17,000 will replace currently under-performing miners at Riots Rockdale FacilityAll miners will be deployed at the Rockdale Facility, increasing the Companys hash rate capacity at... More