Bitcoin ASIC miners in warehouse. ASIC mining equipment on stand racks for mining cryptocurrency in steel container. Blockchain techology application specific integrated circuit units storage

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Riot Blockchain (NASDAQ:RIOT) produced 374 bitcoin (BTC-USD) in August 2022, down 15% Y/Y, whereas additionally considerably decreasing its general energy prices.

The bitcoin miner earned an estimated $3M in energy credit on account of the diminished exercise to be credited in opposition to its energy invoices. The $3M in energy credit equates to ~136 BTC, computed through the use of the August 2022 common every day closing BTC value of $22,097.

As of Aug. 31, 2022, Riot (RIOT) held ~6,720 bitcoin (BTC-USD), all produced by the corporate’s self-mining operations.

In August, the corporate offered 350 BTC, producing web proceeds of ~$7.7M. Riot (RIOT) at present has a deployed fleet of 46,658 miners, with a hash charge capability of 4.8 exahash per second. The corporate expects to have a complete of 52,994 miners deployed with a hash charge capability of ~5.4 EH/s after deployment of 6,336 miners at present staged.

By Q1 2023, the corporate anticipates complete self-mining hash charge of 12.5 EH/, assuming full deployment of ~115,450 Antminer ASICs, however excluding any potential incremental productiveness positive factors from the corporate’s utilization of 200 MW of immersion-cooling infrastructure.

“August was one other profitable month for Riot through which we continued to make important progress on the growth of our Rockdale facility, together with the deployment of an extra 6,347 S19j Execs in our immersion-cooled buildings, and producing bitcoin (BTC-USD) whereas additional contributing to grid stability in Texas by means of the continued train of our proprietary energy technique,” stated CEO Jason Les.

In July, Riot (RIOT) additionally produced fewer bitcoin (BTC-USD) and reduced power costs.


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