Riot Platforms Partners with MicroBT to Boost Bitcoin Mining Capabilities in the United States

Riot Platforms, the largest public Bitcoin mining company in the United States, has made a significant announcement regarding its partnership with Bitcoin ASIC manufacturer MicroBT. This collaboration aims to revolutionize the industry by bringing the production of MicroBT’s ASICs to America. The strategic alliance will provide Riot Platforms with a substantial boost in mining capabilities, strengthening its position as a leading player in the Bitcoin mining sector. This article explores the key highlights and implications of this groundbreaking partnership.

Enhanced Mining Capabilities with MicroBT

Riot Platforms’ ability to mine is expected to increase significantly as a result of its partnership with MicroBT. Riot Platforms hopes to attract miners to its Corsicana factory by moving the manufacture of MicroBT’s ASICs here. The company’s developed capacity will rise to an astonishing 1.6 GW thanks to this action. As the press statement highlights the new machines’ high energy efficiency, the alliance effectively allays industry worries about the negative environmental effects of bitcoin mining.

The press release stated, “This agreement directly repudiates every major criticism of our industry. For those concerned about our energy consumption, these machines will be more efficient than ever … For those who say Bitcoin mining data centers do not actually create jobs, we are helping to create hundreds of jobs, between the MicroBT manufacturing facility in Pennsylvania, and our state of the art data center coming to Corsicana, Texas.”

Promoting Job Creation and Domestic Manufacturing

Riot Platforms and MicroBT’s collaboration not only enhances the Bitcoin mining sector but also helps to create jobs. At MicroBT’s new factory in the United States, the machines will be made, creating job possibilities in the neighborhood. The need of creating a strong local supply chain for Bitcoin miners is highlighted by this development, which also gives miners more equipment alternatives.

Increased Self-Mining Hash Rate Capacity

The anticipated growth in the Riot Platforms’ potential for self-mining hash rates is an intriguing feature of the Riot-MicroBT cooperation. According to the press announcement, Riot’s self-mining hash rate capability is anticipated to increase by around 61% following complete installation of the machines from this order, topping 20 EH/s. Riot Platforms’ position as a major participant in the Bitcoin mining market is cemented by this huge increase in capacity, which also highlights the company’s dedication to developing the market.

The collaboration between Riot Platforms and MicroBT signifies a pivotal moment for the Bitcoin mining industry. Historically, Bitcoin miner manufacturing has been concentrated in Asia, but this partnership fosters the development of a domestic supply chain within the United States. The alliance with MicroBT opens new avenues for Bitcoin miners, providing them with a diverse range of high-quality machines. The collaboration not only benefits Riot Platforms but also contributes to the growth and advancement of the industry as a whole.