Crypto-Follow logo Crypto-Follow logo
Seeking Alpha 2022-02-04 14:27:37

Riot Blockchain bitcoin production jumps nearly 8% M/M; mining capacity expands

Riot Blockchain (NASDAQ:RIOT) mined 485 bitcoins (BTC-USD) in January, a 7.8% boost from December and surged 252% from Jan. 2021. The company had a deployed fleet of ~32,552 miners with a hash rate of 3.4 exahash per second, up from 3.1 EH/s in the previous month. Moreover, "we expect to see increases in our hash rate capacity as we continue to execute on deployments in the newly completed Building F and the soon to be completed, Building G, said Riot CEO Jason Les. By Q4 2022, Riot anticipates a hash rate capacity of 12.8 EH/s, assuming full deployment of approximately 120,150 Antminer ASICs, the company said. It held approximately 5,347 self-mined BTC in January. Meanwhile, shares of RIOT gain 2.2% in pre-market trading as bitcoin (BTC-USD +3.3%) climbs to $37.6K per token. Earlier this week, Riot Blockchain shut down its Texas site due to the current whether conditions.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer