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

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