Wednesday, April 24, 2024
HomeBTCRiot Blockchain announces overall bitcoin production and mining activity in year 2022

Riot Blockchain announces overall bitcoin production and mining activity in year 2022

Riot Blockchain declared that its Bitcoin production and mining activities have increased by around 150%, producing 508 Bitcoins compared to 203 Bitcoins generated in April 2021. 

Riot Blockchain reported that it self-mined 6,320 Bitcoins and traded 250 Bitcoins last month, earning a net profit of around $10.0 million.

Trade between Rio blockchain and bitmain 

The company also revealed that it presently operates a fleet of about 46,375 miners with a hash rate capable of 4.7 exahash per second (“EH/s”). 

Furthermore, it got 5,070 new S19j Pros last month and deployed around 3,456 S19j Pros in its immersion-cooled building. 

The business anticipates receiving an extra 7,240 mining equipment for use in its operational operations. The company purchased 1,702 S19j Pros from Bitmain, which are set to arrive this month.

Riot Blockchain, formed in 2020, is a Bitcoin mining firm situated in Colorado that provides large-scale mining in the United States. Its mining warehouse is in upstate New York.  

Riot anticipates having a net of 55,317 miners deployed with a hash rate capacity of about 5.6 EH/s after the planned mining equipment is deployed. 

Riot Blockchain, formed in 2020, is a Bitcoin mining firm situated in Colorado that provides large-scale mining in the United States. Its mining warehouse is in upstate New York.

Riot CEO Jason Les discussed the company’s recent successes and said:  

“April represents yet another fantastic milestone for Riot, with the news of the Company’s 1 gigatonne (GW) Expansion in Navarro County, Texas. Our ability to locate and manage this second large growth opportunity in Texas highlights the Company’s partnership-driven approach to investing in long-term economic growth with all users, including corporate partners, ERCOT, and all levels of government. We are delighted to expand on our established ability to construct high-quality, large-scale digital infrastructure by utilising our skilled staff base and opening the door to new employment and economic possibilities in Navarro County.”

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