Riot Blockchain (RIOT) announces a deal to purchase 8K next-gen Bitmain S19 Pro Antminers for $17.7M from BitmainTech.Receipt and deployment are expected in begin January and continue through April.Despite Bitcoin's big recent rise, Riot says the size of the purchase allowed the company to secure a lower cost per miner than what it's typically paid.Chairman Remo Mancini calls the mega-order a milestone deal moving the company towards its goal of becoming one of the largest bitcoin miners in North America. Riot, he says, is seen becoming cash flow positive by year-end 2020.Bitcoin earlier today hit more than a two-year high nicely above $12K.Shares are up 8.7% in after hours action - now about a nine-bagger from the March low.
