“Riot is purpose-built to excel in Bitcoin mining,” said
Production Updates
- In
December 2021 , Riot produced 425 BTC, an increase of approximately 334%, as compared to theDecember 2020 production of 98 BTC. - In Q4 2021, Riot produced 1,355 BTC, increasing approximately 349%, as compared to Q4 2020 production of 302 BTC.
- In 2021, Riot produced 3,812 BTC, increasing approximately 269%, as compared to 2020 production of 1,033.
- As of
December 31, 2021 , Riot held approximately 4,889 BTC, all produced by the Company’s self-mining operations. - Riot currently has a deployed fleet of approximately 29,593 miners, with a hash rate capacity of 3.1 exahash per second (“EH/s”).
Riot intends to continue providing monthly operational updates and unaudited production results for the foreseeable future or until otherwise disclosed. These updates are intended to keep shareholders informed of the Company’s progress regarding 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.
In
Also, because of these purchase orders, Riot is increasing its 2022 estimated hash rate capacity by 3.8 EH/s to 12.8 EH/s, representing a 42% increase over the Company’s previously announced estimate of 9.0 EH/s. The increase in the estimated hash rate to 12.8 EH/s does not include any potential incremental hash rate production benefits associated with Riot’s in-process build-out of 200 MW of immersion-cooled infrastructure at the Whinstone Facility.
Miner Deployment and Shipment Updates
In
The Company began initial deployments of miners in its newly constructed immersion-cooled “Building F” in
Riot is also monitoring the continued development of the COVID-19 pandemic. Due to the surge in recent variants, the Company has adjusted its operations to ensure the safety of its employees, which Riot considers its most important asset.
Infrastructure Update
In
In
2022 Estimated
By Q4 2022, Riot anticipates a total self-mining hash rate capacity of 12.8 EH/s, assuming full deployment of approximately 120,150 Antminer ASICs, but excluding any potential expected incremental productivity gains from the Company’s utilization of 200 MW of immersion-cooling infrastructure. Approximately 97% of Riot’s self-mining fleet will consist of the latest generation S19 series miner model. Upon full deployment of all currently contracted miners, the Company’s total self-mining fleet will consume approximately 370 MW of energy. In addition to the Company’s self-mining operations, Riot’s Whinstone Facility hosts approximately 200 MW of institutional Bitcoin mining clients.
About
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 are made in reliance 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. Forward-looking statements may never materialize or may prove to be incorrect. Due to various risks and uncertainties, the actual results and the timing of events could differ materially from those anticipated in such 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 BTC production; our future hash rate growth (EH/s); our expected schedule of new miner deliveries; our ability to successfully deploy new miners; MW capacity under development; the integration of acquired businesses may not be successful, or such integration may take longer or be more difficult, time-consuming or costly to accomplish than anticipated; failure to otherwise realize anticipated efficiencies and strategic and financial benefits from our acquisitions; and the impact of COVID-19 on us, our customers, or on our suppliers in connection with our estimated timelines. Detailed information regarding other factors that may cause actual results to differ materially from those expressed or implied by statements in this press release may be found in the Company’s filings with the
Attachments
- Riot is increasing its 2022 estimated hash rate capacity by 3.8 EH/s to 12.8 EH/s, representing a 42% increase over the Company’s previously announced estimate of 9.0 EH/s.
- In
December 2021 , Riot completedBuilding F , the Company’s first industrial-scale immersion-cooled dedicated building, in addition to receiving most of the structural components required for Buildings D, E, and G.
Trystine PayferSource:Riot Blockchain, Inc. 303-794-2000 ext. 118 PR@riotblockchain.comPhil McPherson Riot Blockchain, Inc. 303-794-2000 ext. 110 IR@riotblockchain.com
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