Riot Platforms, recognized as the leading U.S. Bitcoin mining enterprise in developed capacity, recently unveiled a transformative partnership with Bitcoin ASIC producer, MicroBT. This alliance will pioneer the production of MicroBT’s ASICs in America, aiming to fortify the supply of miners for Riot’s Corsicana facility, thereby significantly enhancing the company’s mining prowess. As noted in a press release given to Bitcoin Magazine, this progression aligns with Riot’s Corsicana facility’s expansion plans, set to amplify the company’s developed capacity to 1.6 GW.

In the words of the press release, “This agreement directly challenges every major critique of our industry.” In answer to concerns about our industry’s energy usage, these machines will achieve unprecedented efficiency… Those asserting Bitcoin mining data centers do not create jobs need to consider the hundreds of positions we’re helping create at MicroBT’s manufacturing facility in Pennsylvania, and our upcoming state-of-the-art data center in Corsicana, Texas.”

This partnership is especially notable due to the projected elevation of Riot’s self-mining hash rate capacity. As the press release suggests, by mid-2024, with the full installation of the ordered machines, Riot’s self-mining hash rate capacity is forecasted to escalate by approximately 61% to surpass 20 EH/s. This significant growth further solidifies Riot’s standing as a top contender in the Bitcoin mining sector.

Furthermore, this alliance between Riot and MicroBT signals a key turning point for the industry. Historically, Bitcoin miner manufacturing has been primarily centered in Asia. This fresh collaboration bolsters the domestic supply chain within the U.S., broadening the choices for Bitcoin miners with a wide range of reliable machines.

Significantly, the partnership between Riot and MicroBT is expected to stimulate local job creation, in addition to advancing the industry. MicroBT’s forthcoming U.S. manufacturing facility will generate a wealth of employment opportunities in the local region.

Riot’s collaboration with MicroBT represents a landmark achievement in the Bitcoin mining industry. With the upcoming boost in hash rate, domestic production, and job creation, this partnership is poised to redefine the future of Bitcoin mining in the U.S. and fuel the industry’s overall growth.