MicroBT Brings ASIC Manufacturing To America In Partnership With Riot Platforms By BtcCasey Riot Platforms, the largest U.S. Bitcoin mining company, has announced a groundbreaking partnership with Bitcoin ASIC manufacturer, MicroBT, to bring the production of MicroBT's ASICs to America. The collaboration aims to secure miners for Riot's Corsicana facility, significantly boosting the company's mining capabilities and increasing its developed capacity to 1.6 GW. The partnership addresses criticisms of the industry by emphasizing energy efficiency and job creation. Riot's self-mining hash rate capacity is expected to increase by approximately 61% to over 20 EH/s by mid-2024, positioning the company as a key player in Bitcoin mining. The move is significant as it brings Bitcoin miner manufacturing to the United States, strengthening the domestic supply chain and expanding options for miners. This partnership challenges the industry's traditional concentration in Asia. The collaboration between Riot and MicroBT will not only impact the industry but also generate employment opportunities. MicroBT will manufacture the machines at a new facility in the United States, creating jobs in the local area. This development directly refutes criticism of Bitcoin mining not contributing to job creation. The partnership between Riot and MicroBT marks a major milestone in the Bitcoin mining industry. With increased hash rate, domestic manufacturing, and job creation, this collaboration is set to shape the future of Bitcoin mining in the United States, supporting industry growth as a whole. |