Bitmain Technologies Inc. said Monday that Nasdaq-listed Riot Blockchain is buying 8,000 of its Antminer S19 Pro bitcoin miners in a deal worth $17.7 million.

In a blog post, the Chinese crypto mining hardware maker stated that the machines will be delivered in batches of 2,000 over four straight months starting January 2021.

“We are glad to continue and expand our cooperation with Riot. Riot is a long-term friend of ours, and we have witnessed and assisted them in building up a powerful mining operation in North America,” said Irene Gao, Bitmain’s Antminer sales director of NCSA Region.

“We believe this new purchase help will Riot expand a leading position in the market and fulfill their business vision, which we are more than happy to be and continue being part of,” she added.

The Antminer 19 series uses the latest generation of SHA256 Application-Specific Integrated Circuits (ASICs) from Bitmain, making it more energy-efficient compared to previous models from the Beijing-based entity.

Specifically, the Antminer S19 Pro, which…

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Source: https://news.bitcoin.com/riot-blockchain-buys-8000-of-bitmains-latest-bitcoin-miners-company-targets-1-5-eh-s-by-2021/