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[LutherKing]

One of the largest bitcoin miners, Riot Blockchain (RIOT), is buying electrical equipment provider ESS Metron for $50 million, consisting of up to 715,413 shares of Riot's common stock and $25 million in cash, according to a press release.

It will start using the new mining technology of metron that will take its mining power from 6.8 eh/s to 7.7 eh/s

They said that the company has been a key factor i n taking them where they are from the start and will continue to add more power soon

 

[microunit]

This is like the bitcoin miners are already investing for their future as they really believe that bitcoin could go up, and I kinda go with them to believe too as cryptocurrency is getting more and more attention worldwide and bitcoin being like the coin banner of all cryptocurrency it is getting alot of attention due to it and probably more in the future

 

[Niftyicon]

Bitcoin mining generates a lot income especially for those who have the appropriate equipment to do so. Also, looking at how much is left of bitcoin to mine, I think it would even be more profitable to mine bitcoin in the near future which is what RIOT Blockchainis likely to be banking on.

 

[Mariappa45]

They see no way dropping down from investing in mining equipments because it is profitable long term. Bitcoin mining is an income generating source that is huge, any company that enters into it flourishes in enormous revenue returns. I am not surprise seeing RIOT blockchain company investing $50 million to get the electrical mining equipment, they'll have more profit with it, as it increased their eh/s hashrate to 7.7 eh/s overall.

 

[Wisdom01]

I actually think with the way the miners keeps buying new technology ,they are actively interested in the growth of cryptocurrency ,they are storing up more , because they actually know the benefits attached and the multiple gains that are in store or attached to mining cryptocurrency too I think