Market Cap: $1114152416069 24h Vol: $70586368809 Cryptocurrencies: 15858 Markets: 60244
Seeking Alpha 2021-09-08 21:23:51

Riot Blockchain's August bitcoin production slips slightly from July

Riot Blockchain (NASDAQ:RIOT) produces 441 bitcoin (BTC-USD) in August, down from the 444 BTC produced in July. On a Y/Y basis, its production increased 451% from 80 BTC in August 2020. YTD, the company produced a total of 2,051 BTC, up 221% from the same period in 2020. The company currently has a deployed fleet of 22,050 miners with a has rate capacity of 2.2 exahash per second (EH/s). By the end of September, Riot (RIOT) expects it will have a total of 25,650 Antminers in operation utilizing 83 MW of energy with an estimated has rate capacity of 2.6 EH/s. By Q4 2022, it expects a self-mining total hash rate capacity of 7.7 EH/s, assuming full deployment of ~81,150 Antminers acquired from Bitmain. Last month, Riot's stock gained after Q2 earnings beat consensus and it updated its miner installation plans.

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