Bitcoin Production and Operations Updates for
- Riot produced 521 BTC, an increase of approximately 12% as compared to
November 2021 production of 466 BTC. - Riot held approximately 6,897 BTC, all produced by the Company’s self-mining operations, as of
November 30, 2022 . - Riot sold 450 BTC, generating net proceeds of approximately
$8.1 million . - Riot had a deployed fleet of 72,428 miners, with a hash rate capacity of 7.7 exahash per second (“EH/s”), as of
November 30, 2022 .
“Riot again achieved a new record for total hash rate capacity during the month of November, resulting in our highest monthly Bitcoin production figure to date,” said
“In order to ensure more predictable results going forward, Riot will be transitioning to another mining pool which offers a more consistent reward mechanism, so that Riot will fully benefit from our rapidly growing hash rate capacity as we work towards our goal of reaching 12.5 EH/s in the first quarter of 2023.”
Mining Deployment and Shipment Update
During the month of November, Riot received 10,512 new S19-series miners, increased its deployed fleet by 6,912 S19-series miners, with approximately 6,912 miners staged for deployment. Upon deployment of the staged miners, the Company expects to have a total of 79,340 miners deployed with a hash rate capacity of approximately 9.7 EH/s. Additionally, shipments of 5,019 S19-series miners have been initiated and are expected to be received during
Infrastructure Update
Riot’s construction and engineering teams made significant headway in November, with all exterior structures at the Rockdale Facility now complete.
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 currently recruiting for positions in the following departments: Accounting, Finance, Legal, and Public Policy. Join our team in building, expanding, and securing the Bitcoin network. Open positions are available at: https://www.riotblockchain.com/careers.
Investor Relations
The Company is scheduled to hold a Business Update call on
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 Blockchain Hash Rate Capacity Growth Updated
November 2022 - Riot's Rockdale Facility
Source:Alexis Brock Riot Blockchain, Inc. 512-940-6014 PR@riotblockchain.comPhil McPherson Riot Blockchain, Inc. 303-794-2000 ext. 110 IR@riotblockchain.com
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