Business update and highlights:
- Riot's fully-owned hashing power was approximately 101 Petahash as of March 31, 2019; which ranks the company among the largest publicly-listed miners of Bitcoin. The operation continues to be fully deployed with 24/7 real-time monitoring of status and profitability.
Riot maintains ownership of approximately 12% of Coinsquare. Coinsquare is a leading cryptocurrency exchange in Canada
The previously disclosed Securities and Exchange Commission investigation associated with the subpoena received by the Company in April 2018 is still open, and the Company has been cooperating with the SEC in that investigation
The Company continues development progress with RiotX, its planned cryptocurrency exchange with partners such as Shift Markets, Ltd., in the establishment of the exchange
Our 100%-owned Bitcoin and Litecoin mining operation is located in Oklahoma City. It is one of the largest cryptocurrency mining operations among publicly listed companies in North America. The operation continues to be fully deployed with 24/7 real-time monitoring of status and profitability.
The Company produced approximately 329.52 Bitcoins, 356 Bitcoin Cash, and 1,422.5 Litecoins for the first quarter of 2019. This represents a substantial increase year-over-year compared to production of 78.81 Bitcoins and 153.42 Bitcoin Cash in Q1/18.
Riot's fully-owned hashing power was approximately 101 Petahash as of March 31, 2019. The company continues to explore opportunities to expand its mining operation in a disciplined, cost-effective manner.