Riot’s BTC manufacturing up 220% from final 12 months

The corporate’s Could manufacturing and operations replace revealed it had mined a complete of 924 BTC thus far this 12 months.

Nasdaq listed Bitcoin mining firm Riot Blockchain yesterday launched an update on its manufacturing and operations for Could 2021. Headquartered in Fort Rock, Colorado with its mining operations primarily based in upstate New York, Riot gives month-to-month updates to maintain shareholders knowledgeable because it expands and upgrades its mining operations.

The replace revealed that Riot mined 227 BTC final month, representing a 220% enhance in contrast with the identical time final 12 months. This brings the corporate’s whole for this 12 months as much as 924 BTC and meant it was holding 2,000 BTC on the finish of Could.

Final month additionally noticed Riot full its acquisition of North America’s largest Bitcoin mining facility, Whinstone U.S. Situated in Rockdale, Texas, Whinstone has a developed capability of 300 megawatts (MW), however Riot intends to develop the ability to succeed in its present capability of 750 MW. Whinstone leverages cutting-edge expertise and complete analytics, permitting it to attain web vitality prices of $0.025 per kilowatt-hour (kWh).

Might also noticed the transport of 1,000 S19 Professional Antminer (110 TH) Bitcoin mining machines, bought from Bitmain final December. These items of application-specific built-in circuit (ASIC) {hardware} have a consumption of 3250 W and a hash fee capability of 110 terahash per second (TH/s).

The 1,000 new Antminers can be put in on the Whinstone facility this quarter, together with an additional cargo of 6,500 Antminers already bought. This brings Riot as much as a complete of 23,946 Antminers in operation, utilizing about 76 MW of vitality, with a hash fee capability estimated to be about 2.4 EH/s.

Riot expects to amass a fleet of about 81,146 Antminers from Bitmain by the fourth quarter of 2022, the overwhelming majority of which would be the newest S19 mannequin. Most can be deployed on the Whinstone facility, with some deployed at Coinmint LLC’s facility.

Riot anticipates these machines can have a complete hash fee capability of seven.7 EH/s and eat about 257.6 MW of vitality, producing an total hash fee effectivity of 33 joules per terahash (J/TH). This might place Riot as an business chief, with one of many largest and most effective fleets of Bitcoin mining machines.

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