Riot Purchases Additional 15,000 Mining Machines From Bitmain

Riot has ordered over 31,000 machines from Bitmain this year.

AccessTimeIconDec 22, 2020 at 3:49 p.m. UTC
Updated Mar 6, 2023 at 3:14 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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 next year.
  • Riot shares ended Tuesday trading at above $14.50, a more than 22% daily gain.
  • In December, Riot shares have gained over 78%.
  • Bitcoin gained 20% over the same period.

Update (Dec. 22, 21:08 UTC): Article update to reflect Riot shares' price surge through Tuesday trading.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.