The contract comes weeks after Phoenix closed its $370 million IPO in the Middle East, boosting its market cap to over $3 billion.
Bitmain and MicroBT Set for Revenue Boost
The market cap of the top 12 mining stocks by trading volume also sets new highs over $12 billion on Monday.
The purchase of 66,560 units of MicroBT's WhatsMiner M66S is also the largest order of hashrate in Riot's history
The sales are the most recent notable liquidations from a public mining company's core executive teams.
The latest Miner Weekly issue features the strong market performance of bitcoin mining stocks
A look into realized hashrate, liquidation, shipment records, mining stock performance and more.
Total revenue declined 7% quarter-over-quarter to $87.3 million across all business segments
But they are yet to reach 52-week highs, underperforming bitcoin over the past few months.
Meanwhile, OpEx slightly increased to over $86.7 million in Q3 but were still significantly lower than in 2022.
The import of WhatsMiner parts saw notable upticks in September and October