Castle Rock, CO, June 02, 2022 (GLOBE NEWSWIRE) — Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot,” “Riot Blockchain” or “the Company”), an industry leader in Bitcoin (“BTC”) mining and hosting, announces production and operations update for May 2022.
Bitcoin Production and Operations Updates
- In May 2022, Riot produced 466 BTC, an increase of approximately 104%, as compared to May 2021 production of 228 BTC.
- As of May 31, 2022, Riot held approximately 6,536 BTC, all produced by the Company’s self-mining operations.
- In May 2022, Riot sold 250 Bitcoin generating net proceeds of approximately $7.5 million.
- Riot currently has a deployed fleet of approximately 43,458 miners, with a hash rate capacity of 4.6 exahash per second (“EH/s”).
“During May, we continued to make progress on the ongoing expansion of our Whinstone Facility in Rockdale, TX,” said Jason Les, CEO of Riot. “We’re proud to report that our first immersion building, Building F, is filled with approximately 23,000 S19 series miners. Approximately 7,000 of those miners are staged in the immersion-cooling tanks and are anticipated to be deployed pending installation of the final requisite components. Once these miners and other staged miners are fully deployed, our hash rate capacity is expected to increase to 5.4 EH/s.
Additionally, we are initiating a project to refurbish our fleet of S17-Pro Antminers to improve their overall hash rate and efficiency. These enhancements are…
