Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin mining and hosting, is reporting on its May 2022 productions and operations status. A highlight of the report includes the company’s production of 466 BTC, an estimated 104% increase over May 2021’s production of production of 228 BTC. In addition, the company reported that it held approximately 6,536 BTC, all produced by the Company’s self-mining operations, and sold 250 Bitcoin, generating net proceeds of approximately $7.5 million. Finally, the company reported a deployed fleet of some 43,458 miners, with a hash rate capacity of 4.6 exahash per second (“EH/s”). The company also noted that progress continued throughout the month at its 400 megawatt (“MW”) infrastructure expansion project located in Rockdale, Texas, with completion of the construction of the structure and exhaust louvres for Building D and installation of intake louvres for air cooling now beginning. Roofing and structure work on Building E is almost completed as well, along with the completion of installation of all medium voltage transformers. “During May, we continued to make progress on the ongoing expansion of our Whinstone Facility in Rockdale, Texas,” said Riot CEO Jason Les in the press release. “We’re proud to report that our first immersion building, Building F, is filled with approximately 23,000 S19 series miners. Approximately 7,000 of those miners are staged in the immersion-cooling tanks and are anticipated to be deployed pending installation of the final requisite components. Once these miners and other staged miners are fully deployed, our hash rate capacity is expected to increase to 5.4 EH/s. Additionally, we are initiating a project to refurbish our fleet of S17-Pro Antminers to improve their overall hash rate and efficiency. These enhancements are made possible by the improved operating environment facilitated by our immersion-cooling technology.”
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About Riot Blockchain Inc.
Riot Blockchain’s 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 Texas, Bitcoin mining operations in central Texas and upstate New York, and electrical switchgear engineering and fabrication operations in Denver, Colorado. For more information about the company, visit www.RiotBlockchain.com.
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