Riot Blockchain Announces October Production and Operations Updates
Today 8:30 AM ET (GlobeNewswire)
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot," "Riot Blockchain" or "the Company"), an industry leader in Bitcoin ("BTC") mining and hosting, announces monthly BTC production and operations updates for October 2021, including an increase in estimated self-mining hash rate capacity for 2022, updates to the status of miner shipments and deployment, and updates on the 400 megawatts ("MW") infrastructure expansion at the Company's Whinstone facility ("Whinstone").
Production Updates
-- In October 2021, Riot produced 464 BTC, an increase of approximately 433% over its October 2020 production of 87 BTC.
-- Year to date through October 2021, the Company produced a total of 2,921 BTC, an increase of approximately 257% over its BTC production during the same 2020 period of 818 BTC.
-- As of October 31, 2021, Riot held approximately 3,995 BTC, all produced by the Company's self-mining operations.
-- Riot currently has a deployed fleet of approximately 27,270 miners, with a hash rate capacity of 2.8 exahash per second ("EH/s").
Riot intends to continue providing monthly operational updates and unaudited production results through the end of 2021. These updates are intended to keep shareholders informed of the Company's progress with regards to the execution of the previously announced growth in Riot's hash rate and to keep investors apprised of the Company's development of Bitcoin mining infrastructure critical to de-risking future growth.
