Nasdaq-listed bitcoin mining firm Riot Blockchain (RIOT) announced its purchase of 15,000 additional mining ASIC machines from Bitmain, pushing the total number of machines ordered by the mining company to over 31,000 in 2020.
- With its new machines, the Castle Rock, Colo.-based miner expects an expanded hashrate capacity of 3.8 exahashes per second (EH/s) in 2021, a 65% increase from its current 2.3 EH/s capacity.
- Notably, Riot's purchase is a pre-order as Bitmain supplies are sold out until Q3 2021. Per the release, however, Riot expects delivery and deployment of the new machines to start in May and continue through October.
- Riot shares are trading hands near $12.40 at last check, up about 43% this month.
- Bitcoin gained 20% over the same period.
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