Riot Blockchain buys 1,000 next-generation Antminer S19 Pro miners
Publicly traded mining company Riot Blockchain announces major purchase of new-generation Bitmain Antminer S19 miners.
On April 30, 2020, Riot Blockchain buys 1,000 next-generation Antminer S19 Pro miners. Publicly traded mining company Riot Blockchain announces major purchase of new-generation Bitmain Antminer S19 miners.
Riot's willingness to invest millions in new equipment just weeks before the halving suggested that the company's analysis concluded that post-halving mining would remain profitable, particularly for operations using the most efficient hardware. The Antminer S19, which Bitmain had begun shipping earlier in 2020, represented a significant efficiency improvement over previous generation miners.
With better hash rate per watt of electricity consumed, S19 miners could remain profitable at lower Bitcoin prices or higher electricity costs compared to older equipment. For miners facing the 50% revenue reduction from the halving, having the most efficient equipment would be crucial for survival and profitability.