Riot Blockchain Announced Production and Operations Update

Riot Blockchain announced last Wednesday, September 8, through its Twitter account, the August production and operations update: Riot produces 441 Bitcoins in August 2021.

Image on Riot Blockchain’s Twitter post

“Riot Blockchain, Inc. (NASDAQ: RIOT) (” Riot “,” Riot Blockchain “or the” Company “), an industry leader in the Nasdaq (” BTC “) listed Bitcoin mining and hosting industry, announces its updates to August production and operations, including its unaudited Bitcoin production for August 2021 and the implementation status of its miner”, he said through an article posted on his website.

Production and operations updates

• In August 2021, Riot produced 441 BTC, an increase of approximately 451% over its August 2020 production of 80 BTC.

• Year to date through August 2021, the Company produced a total of 2,051 BTC, an increase of approximately 221% over its production during the same 2020 period of 639 BTC.

• As of August 31, 2021, Riot had approximately 3,128 BTC, all of which was produced by its self-mining operations.

• Currently, the Company has a deployed fleet of approximately 22,050 miners, with a hash rate capacity of 2.2 exahash per second (“EH / s”).

In addition, the company assured that it plans to continue providing monthly operational updates and unaudited production results until the end of 2021. In its opinion, these updates are intended to keep shareholders informed about the development of operations and mining of the Company while it continues to build. additional Bitcoin mining infrastructure.

Miner Deployment Updates

Similarly, as part of a December 2020 purchase order with Bitmain Technologies Limited (“Bitmain”), approximately 3,600 S19 Pro Antminers (110 TH) recently received at Riot’s Whinstone facility are expected to be implemented for purposes September 2021. By the end of September 2021, Riot anticipates that it will have a total of 25,650 Antminers in operation, using approximately 83 megawatts (“MW”) of energy, with an estimated hash rate capacity of 2.6 EH / s.

Infrastructure growth and hash rate

According to the company, the previously disclosed expansion of the Company’s Whinstone facility continues, including the delivery of structural steel and power transformers for the expanding electrical substation. The underground and concrete infrastructure is now complete for the first new building, referred to as Building “D”, in the current four-building expansion program, while the installation of drainage and the development of the access road to the site are up and running.

Riot noted that the expansion project at Whinstone Facility includes four additional buildings, referenced as D, E, F and G, totaling approximately 240,000 square feet with 400 MW of capacity. This expansion is anticipated to provide the capacity to host approximately 112,000 S19-series Antminers when completed.

Also read: Bankless DAO announced partnership with Perpetual Protocol

“For the fourth quarter of 2022, Riot anticipates a self-mining total hash rate capacity of 7.7 EH / s, assuming the full deployment of approximately 81,150 Antminers acquired from Bitmain. Of this mining fleet, approximately 95% will be the next generation S19 series miner model. Upon full deployment, the Company’s total autonomous mining fleet is expected to consume approximately 257 MW of power, with approximately 206 MW deployed at Riot’s Whinstone facility and approximately 51 MW deployed at the Coinmint, LLC facility. In addition to the Company’s self-exploiting operations, Whinstone is home to approximately 200 MW of institutional Bitcoin mining clients”, he said.

1 comment

Comments are closed.

Related Posts