Summary
Riot Platforms and CleanSpark are buying more mining machines to boost hash rate ahead of bitcoin halving event in April. Riot bought 31,500 more miners, while CleanSpark closed acquisition of three new facilities. Both companies are focusing on efficiency and hash rate expansion to stay competitive in the industry.
Key Points
1. Riot Platforms has purchased 31,500 more mining machines from MicroBT for $97.4 million, increasing its self-mining hash rate capacity at its facility in Rockdale, TX.
2. CleanSpark has completed the acquisition of three data centers in Mississippi as part of a $19.8 million cash deal, expanding its operating hash rate by roughly 2.4 EH/s.
3. Both companies are focused on increasing hash rate and efficiency ahead of the upcoming bitcoin halving event in April, which will reduce per-block rewards and potentially impact profitability for miners.