Why u should buy Riot BTCS INC COM #Blockchain #Riot $Riot $BTCS #BTCS #Stockmarket

Riot Blockchain Inc. focuses on bitcoin mining, supporting the bitcoin blockchain by participating in Bitcoin’s consensus system through proof-of-work mining, racing to find the next block and building upon the chain. Bitcoin is disrupting the future of world-wide currencies and payment systems.We aim to be one of the largest and lowest-cost producers of bitcoin in North America.Riot Blockchain is focused on supporting the bitcoin ecosystem through proof-of-work mining. We are believers in the bitcoin opportunity and our continued efforts aimed at growing our mining operation demonstrates our commitment to the bitcoin network.Riot Blockchain has invested in unique projects which decentralize markets; combining real-world applications with an active development team, fundamentals, and large addressable markets. the stock im buying 1st is BTCS INC COM $BTCS BTCS Inc., is engaged in the business of hosting an online e-commerce marketplace where consumers can purchase merchandise using digital currencies, including bitcoin and with operations in the blockchain using digital currencies, including bitcoin and with operations in the blockchain and digital currency ecosystems. The Company operates a beta e-commerce marketplace, which accepts a range of digital currencies, have designed a beta secure digital currency storage solution BTCS Wallet. The Company's transaction verification services business (bitcoin mining) enables running application-specific integrated circuit (ASIC) servers. The ASIC servers solve a set of prescribed mathematical calculations in order to add a block to the blockchain and thereby confirm bitcoin transactions. The Company's beta e-commerce marketplace offers approximately 250,000 curated products and utilizes its Intelligent Shopping Engine to find competitive prices on products from over 250 retailers. Riot is one of the largest U.S. based publicly-traded bitcoin miners in North America and we are constantly working to improve our efficiency and production Riot launched our own Bitcoin mining operation and it is a focal point for Riot's expansion plans moving forward.100% dedicated bitcoin mining operations is currently located at Coinmint LLP’s Massena, New York facility which houses our currently deployed hardware fleet consisting of 6,040 next generation Bitmain Antminers. We currently have a deployed hash rate capacity of 456 PH/s utilizing approximately 16.3 megawatts (MW) of energy. Riot has 1,000 more S19 Pros scheduled for delivery in early November 2020 which is expected to increase our hash rate capacity to 566 PH/s utilizing approximately 19.7 MW of energy. We also have 8,000 S19 Pros scheduled for delivery in equal installments over the first four months of 2021. By early May 2021 we are expected to have a total hash rate capacity of 1.45 EH/s (1,446 PH/s) while utilizing approximately 46 MW of energy.

Summary of Riot's bitcoin mining growth milestones: February 2020 – 4,000 S17 Pro miners deployed bringing operational hash rate capacity to 247 PH/s. April 2020 – Riot enters co-location hosting agreement with Coinmint in Massena, NY to reduce the Company's cost of production and increase available MW capacity for expansion. 1,000 S19 Pro miners (110 TH/s) are ordered from Bitmain. May 2020 – 1,040 S19 miners (95 TH/s) are ordered from Bitmain, bringing the total outstanding order to 2,040 miners. De-commissioned and sold original fleet of prior generation low efficiency miners, upon halving event. June 2020 – 1,000 S19 Pro miners (110 TH/s) are ordered from Bitmain; cumulative outstanding order totals 3,040 miners. July 2020 – First order of 1,000 S19 Pro (110 TH/s) miners are received and deployed in Massena, NY. Riot's mining fleet totals 5,000 miners with an operational hashing capacity of 357 PH/s. August 2020 – Second outstanding order consisting of 1,040 S19 (95 TH/s) miners are received and deployed in Massena, NY. Riot's mining fleet totals 6,040 miners with an operational hashing capacity of 456 PH/s. 8,000 S19 Pro miners (110 TH/s) are ordered from Bitmain. November 2020 - The third outstanding order consisting of 1,000 S19 Pro (110 TH/s) miners is expected to arrive, which will bring Riot's mining fleet to a total of 7,040 miners, with an expected operational hashing capacity of 566 PH/s.(GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot”, “Riot Blockchain” or the “Company"), announces an expected 65% increase in bitcoin mining hash rate capacity resulting from the purchase and future deployment of 15,000 S19 Pro and S19j Pro Antminers from Bitmain Technologies Limited (“Bitmain”). The approximate $35 million purchase is comprised of 3,000 S19 Pro Antminers (110 TH) and 12,000 S19j Pro Antminers (100 TH). These additional miners are scheduled for receipt and deployment starting in May 2021 and continuing through October 2021. This new order of miners, combined with the Company’s prior miner purchases, is expected to significantly increase Riot’s estimated bitcoin mining hash rate from the previously announced 2.3 EH/s to 3.8 EH/s. The Company has been receiving and deploying new miners consistently through 2020, including this new purchase; the delivery schedule continues into the fourth quarter of 2021. At full deployment of Riot’s 37,640 next-generation fleet of miners, Riot estimates its total operational hash rate capacity will be 3.8 EH/s and consume approximately 120 MW of energy. As a result, the Company expects to have an aggregate mining efficiency of 31.79±% 5 joules per terahash (J/TH). “Continued growth in deployed miners is paramount to a miner’s success,” said Jeff McGonegal, CEO of Riot. “Expanding the Company’s bitcoin mining hash rate and operating on a cost-effective basis is very important, particularly during periods when the bitcoin spot price has appreciably increased. We are pleased to have secured this latest purchase, especially given that the available supply of mining hardware continues to become increasingly scarce.” "We are extremely excited to expand and deepen our partnership with Riot Blockchain again this year. In total, Riot additionally purchased 15,000 Antminer 19 series. The 19 series enjoy a wide popularity in the global markets with outstanding hash rates and power efficiency, which continuously bring tremendous values to our customers around the world. I am confident that with the new purchase, Riot can continue to grow their mining operation and play an increasingly vital role in bitcoin mining across North America.” said Irene Gao, Antminer Sales Director of NCSA Region, Bitmain. All miner purchases continue to be funded using available working capital. Riot has no long-term debt. The Company is continuing to assess the bitcoin landscape with the assistance of XMS Capital in evaluating opportunities and transactions to further increase shareholder value. About Bitmain Founded in 2013, Bitmain transforms computing by building industry-defining technology in cryptocurrency, blockchain, and artificial intelligence (AI). Bitmain leads the industry in the production of integrated circuits for cryptocurrency mining, as well as mining hardware under the Antminer brand. The company also operates the largest cryptocurrency mining pools worldwide-Antpool.com and BTC.com. Bitmain technology supports a wide range of blockchain platforms and startups. About Riot Blockchain Riot Blockchain (NASDAQ: RIOT) focuses on cryptocurrency mining of bitcoin. The Company is expanding and upgrading its mining operations by securing the most energy efficient miners currently available. Riot also holds certain non-controlling investments in blockchain technology companies. Riot is headquartered in Castle Rock, Colorado, and the Company’s primary mining facility was recently relocated to upstate New York, under a co-location hosting agreement with Coinmint. For more information, visit www.RiotBlockchain.com. using digital currencies, including bitcoin and with operations in the blockchain and digital currency ecosystems. The Company operates a beta e-commerce marketplace, which accepts a range of digital currencies, have designed a beta secure digital currency storage solution BTCS Wallet. The Company's transaction verification services business (bitcoin mining) enables running application-specific integrated circuit (ASIC) servers. The ASIC servers solve a set of prescribed mathematical calculations in order to add a block to the blockchain and thereby confirm bitcoin transactions. The Company's beta e-commerce marketplace offers approximately 250,000 curated products and utilizes its Intelligent Shopping Engine to find competitive prices on products from over 250 retailers. Safe Harbor The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "anticipates," “believes,” "plans," "expects," "intends," "will," "potential," "hope" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of the Company and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company's periodic filings with the Securities and Exchange Commission, including the factors described in the sections entitled "Risk Factors," copies of which may be obtained from the SEC's website at www.sec.gov. The Company does not undertake any obligation to update forward-looking statements contained in this press release. January – April 2021 - The newly announced order of 8,000 S19 Pro (TH/s) miners are expected to be received and deployed during the first four months of 2021 and are expected to raise Riot's total operational hash rate capacity to 1.45 EH/s (1,446 PH/s). Riot expects to then have a fully deployed fleet totaling approximately 15,040 miners.