Riot Expands Self-Mining Operations with MicroBT Miner Acquisition

Photo of author
Written By Kevin MacDonald

Riot Platforms, Inc. has made a significant move in fortifying its self-mining capabilities through the recent procurement of 31,500 cutting-edge WhatsMiner M60S miners from MicroBT, a renowned manufacturer of Bitcoin miners. 

This strategic decision not only aims to phase out underperforming machines but also seeks to optimize mining efficiency while simultaneously expanding hash rate capacity at Riot’s Rockdale Facility.

Commitment to Enhancement 

The purchase agreement, valued at an impressive $97.4 million, underscores Riot’s unwavering commitment to maintaining its leadership position within the Bitcoin mining sector. 

Credits: DepositPhotos

With a per-terahash rate of $16.50, this substantial investment exemplifies Riot’s dedication to enhancing its mining infrastructure and maximizing operational efficiency for sustained profitability and growth.

Read More: Protagonist Therapeutics Holds Promise as a Resilient Player in the Biopharmaceutical Industry 

Optimization To Improve Performance 

Of the 31,500 miners secured in the deal, approximately 14,500 are earmarked for deployment to augment Riot’s existing self-mining capacity. 

Meanwhile, the remaining 17,000 units are slated to replace aging and underperforming machines at the Rockdale Facility. 

This strategic reallocation of resources reflects Riot’s proactive approach to optimizing operational uptime and energy efficiency, positioning the company as a frontrunner in the pursuit of low-cost, high-performance mining operations.

New Hardware to Bolster Hash Rate 

Scheduled deliveries of the new miners are anticipated to commence in May 2024, with deployment expected to ramp up through June of the same year. 

Once fully operational, the influx of new hardware is projected to bolster the Rockdale Facility’s self-mining hash rate capacity from 12.4 EH/s to an impressive 15.1 EH/s by the conclusion of July 2024. 

The WhatsMiner M60S miners procured by Riot represent the latest evolution in MicroBT’s lineup of air-cooled mining machines. 

Boasting an impressive efficiency rating of 18.5 J/TH and producing approximately 186 TH/s per unit, these state-of-the-art miners are poised to deliver unparalleled performance and reliability. 

Also Read: Volkswagen Officially Establishes AI Lab

Leadership’s Perspective 

Jason Les, CEO of Riot Platforms, Inc., expressed his enthusiasm regarding the strategic acquisition, emphasizing its dual impact on increasing deployed hash rate and optimizing operational efficiency. 

Les underscored the importance of retiring underperforming equipment in favor of the latest M60S model, citing its superior efficiency and performance as key drivers of operational improvement and profitability.

MicroBT and Riot Partnership 

Similarly, MicroBT’s COO, Jordan Chen, echoed Les’ sentiments, highlighting the continued partnership between MicroBT and Riot as a testament to both companies’ shared commitment to innovation and excellence in Bitcoin mining technology. 

Chen reaffirmed MicroBT’s unwavering support for Riot’s ambitious growth trajectory, expressing confidence in the company’s ability to leverage MicroBT’s cutting-edge hardware solutions. 

Steadfast Mission to Establish a Premier Platform 

In addition to its collaboration with MicroBT, Riot Platforms, Inc. remains steadfast in its broader mission to establish itself as the premier Bitcoin-driven infrastructure platform worldwide. 

Credits: DepositPhotos

With a vertically integrated strategy encompassing data center hosting operations, Bitcoin mining activities, and electrical switchgear engineering and fabrication capabilities, Riot is well-positioned to deliver superior value to its shareholders while driving positive impact across the sectors, networks, and communities it serves. 

Through strategic investments Riot Platforms, Inc. continues to demonstrate its commitment to innovation.

Read Next: Google Halts Gemini AI Image Generator Amid Historical Inaccuracy Concerns


You should read and understand this disclaimer in its entirety before joining or viewing the website or email/blog list of (the “Publisher”). The information (collectively the “Advertisement”) disseminated by email, text or other method by the Publisher including this publication is a paid commercial advertisement and should not be relied upon for making an investment decision or any other purpose. The Publisher is engaged in the business of marketing and advertising the securities of publicly traded companies in exchange for compensation. The track record, gains, upside, and/or losses mentioned in the Advertisement, if any, should not be considered as true or accurate or be the basis for an investment. The Publisher does not verify the accuracy or completeness of any information included in the Advertisement. While the Publisher does not charge for the SMS service, standard carrier message and data rates may apply. To unsubscribe from receiving promotional text messages to your phone sent via an autodialer, using your phone reply to the sender’s phone number with the word STOP or HELP for help.

The Advertisement is not a solicitation or recommendation to buy securities of the advertised company. An offer to buy or sell securities can be made only by a disclosure document that complies with applicable securities laws and only in the states or other jurisdictions in which the security is eligible for sale. The Advertisement is not a disclosure document. The Advertisement is only a favorable snapshot of unverified information about the advertised company. An investor considering purchasing the securities, should always do so only with the assistance of his legal, tax and investment advisors. Investors should review with his or her investment advisor, tax advisor or attorney, if and to the extent available, any information concerning a potential investment at the web sites of the U.S. Securities and Exchange Commission (the "SEC") at; the Financial Industry Regulatory Authority (the "FINRA") at, and relevant State Securities Administrator website and the OTC Markets website at The Publisher cautions investors to read the SEC advisory to investors concerning Internet Stock Fraud at, as well as related information published by the FINRA on how to invest carefully. Investors are responsible for verifying all information in the Advertisement. As an advertiser, we do not verify any information we publish. The Advertisement should not be considered true or complete.

The Publisher does not offer investment advice or analysis, and the Publisher further urges you to consult your own independent tax, business, financial and investment advisors concerning any investment you make in securities particularly those quoted on the OTC Markets. Investing in securities is highly speculative and carries an extremely high degree of risk. You could lose your entire investment if you invest in any company mentioned in the Advertisement. You acknowledge that we are not an investment advisory service, a broker-dealer or an investment adviser and we are not qualified to act as such. You acknowledge that you will consult with your own independent, tax, financial and/or legal advisers regarding any decisions as to any company mentioned here. We have not determined if the Advertisement is accurate, correct or truthful. The Advertisement is compiled from publicly available information, which include, but are not limited to, no cost online research, magazines, newspapers, reports filed with the SEC or information furnished by way of press releases. Because all information relied upon by us in preparing an advertisement about an issuer comes from a public source, it is not reliable, and you should not assume it is accurate or complete.

By your subscription to our profiles, the viewing of this profile and/or use of our website, you have agreed and acknowledged the terms of our full disclaimer and privacy policy which can be viewed at the following link: and

By accepting the Advertisement, you agree and acknowledge that any hyperlinks to the website of (1) a client company, (2) the party issuing or preparing the information for the company, or (3) other information contained in the Advertisement is provided only for your reference and convenience. The advertiser is not responsible for the accuracy or reliability of these external sites, nor is it responsible for the content, opinions, products or other materials on external sites or information sources. If you use, act upon or make decisions in reliance on information contained in any disseminated report/release or any hyperlink, you do so at your own risk and agree to hold us, our officers, directors, shareholders, affiliates and agents harmless. You acknowledge that you are not relying on the Publisher, and we are not liable for, any actions taken by you based on any information contained in any disseminated email or hyperlink.