Seeking Alpha
2023-04-05 13:51:40

Riot's March bitcoin production grows 36% Y/Y

Riot Platforms ( NASDAQ: RIOT ) generated 695 bitcoin ( BTC-USD ) in March 2023, reflecting a approximately 36% growth from a year earlier, the miner said Wednesday. During the same period, Riot ( RIOT ) sold 675 bitcoins ( BTC-USD ), generating net proceeds of approximately $16.7M. As of March 31, the company held around 7,072 self-mined bitcoins ( BTC-USD ). RIOT had a deployed fleet of 94,176 miners with a hash rate capacity of 10.5 exahash per second, which excludes 17,040 miners that are offline as a result of damage to Building G from the severe winter weather in late December in Texas. Upon deployment of the staged miners, the company expects to have 94,976 miners deployed with a hash rate capacity of ~10.6 EH/s (which excludes 17,040 miners currently offline in Building G). Shares of the bitcoin miner fell around 2% on Wednesday

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.