Bitcoin Production and Operations Updates
- In
September 2022 , Riot produced 355 BTC, a decrease of approximately 13% as compared toSeptember 2021 production of 406 BTC. - As of
September 30, 2022 , Riot held approximately 6,775 BTC, all produced by the Company’s self-mining operations. - In
September 2022 , Riot sold 300 BTC, generating net proceeds of approximately$6.1 million . - As of
September 30, 2022 , Riot had a deployed fleet of 55,728 miners, with a hash rate capacity of 5.6 exahash per second (“EH/s”).
“Riot made remarkable operational progress this September, which was the last month of our participation in ERCOT’s 4CP program for the year,” said
Mining Deployment and Shipment Update
Since its last monthly update, Riot received 14,755 new S19-series miners, including the first 10,043 S19 XPs. During the month of September, Riot deployed 9,070 S19j Pros, with approximately 6,900 miners staged for deployment. Upon deployment of the staged miners, the Company expects to have a total of 62,640 miners deployed with a hash rate capacity of approximately 6.4 EH/s. Additionally, shipments of 5,000 S19-series miners have been initiated out of
Infrastructure Update
For the month of September, Riot engineering and construction teams made significant progress on the Company's 400 megawatt ("MW") digital infrastructure expansion project.
In
Estimated Hash Rate Growth
During Q1 2023, Riot anticipates a total self-mining hash rate capacity of 12.5 EH/s, assuming full deployment of approximately 115,450 Antminer ASICs, but excluding any potential incremental productivity gains from the Company’s utilization of 200 MW of immersion-cooling infrastructure. Substantially all of Company’s self-mining fleet will consist of the latest generation S19-series miners. In addition to the Company’s self-mining operations, Riot hosts approximately 200 MW of institutional Bitcoin mining clients.
Human Resources
Riot is growing fast and hiring for various roles across the organization. Join our team in building, expanding, and securing the Bitcoin Network. Browse open positions: https://www.riotblockchain.com/careers.
Conference Schedule
Riot will be presenting at the following upcoming conferences:
Gulf Coast Power Association ‘Bitcoin & Energy’ Workshop held inAustin, TX onOctober 3rd .The Mining Conference held inRound Rock, Texas onOctober 5th – 6th.- TFOA (
Texas Family Office Association ) Symposium held inHouston, Texas onOctober 17th . - LD Micro Main Event XV held in
Los Angeles, California onOctober 25 – 27th.
About
Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform.
Our mission is to positively impact the sectors, networks and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.
Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining data center operations in central
For more information, visit www.riot.inc.
Safe Harbor
Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements about the benefits of acquisitions, including financial and operating results, and the Company’s plans, objectives, expectations, and intentions. Among the risks and uncertainties that could cause actual results to differ from those expressed in forward-looking statements include, but are not limited to: unaudited estimates of Bitcoin production; our future hash rate growth (EH/s); the anticipated benefits, construction schedule, and costs associated with the
Attachments
- Riot's Rockdale Facility
- Riot Blockchain Hash Rate Capacity Growth Updated
September 2022
Source:Alexis Brock Riot Blockchain, Inc. 512-940-6014 PR@riotblockchain.comPhil McPherson Riot Blockchain, Inc. 303-794-2000 ext. 110 IR@riotblockchain.com
2022 GlobeNewswire, Inc., source