Bitcoin (BTC) mining agency Riot Blockchain has entered right into a deal to relocate a portion of its mining operations to a facility in New York operated by Coinmint.

Riot claims to have assessed the dangers side by side working in New York amid the COVID-19 pandemic and distinct that Coinmint’s “plug and play” infrastructure mitigates lots of the issues pertaining to coronavirus.

The partnership comes amid skinny revenue margins for a sight of United States-based mining corporations succeeding from the mid-March crypto market crash.

Riot Blockchain relocates S17s to New York

In a press launch, Riot states that it has entered into “a co-location mining services contract” to relocate a portion of its just late bought Bitmain Bitmain Antminer S9 Bitcoin Miner Bitcoin Mining Hardware”>Antminer S17s from Oklahoma to Coinmint’s facility in Massena, New York.

When the miners make Coinmint’s Massena facility, a former Alcoa Aluminum smelter, they’ll endure preliminary operational examination earlier than going reside. Coinmint is likely one of the largest information middle operators inside the United States.

Riot asserts that the net hosting association may have a constructive impression on its energy prices, the warmth and environmental points side by side its Oklahoma facility, and should enable the agency to develop its complete hash price functionality.

Antminer S17s double Riot’s mining rewards

After deploying its freshly bought Antminer S17s in March, Riot blockchain was capable of mine 102 new BTC over the course of the month.

By distinction, Riot had alone produced 45 Bitcoins throughout December – when the agency had not but deployed any S17s and was however totally working S9 minters.