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

Time：2022-02-06 Source： 1297 views Trending Copy share

Riot Blockchain (NASDAQ:RIOT) mined 458 bitcoins (BTC-USD) in January, a 7.8% boost from December and surged 252% from Jan. 2021.

The company has 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 weather conditions.

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