Bitcoin Miner Riot produced 464 BTC in October, up 433% year on year

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The miner now holds nearly 4,000 bitcoins and hopes to achieve a hash rate capacity of 8.6 EH / s in 2022.

Riot Blockchain mined 464 BTC in October 2021, an increase of 433% from its October 2020 production of 87 BTC. The company now holds nearly 4,000 bitcoins, all of which are produced in-house. Riot expects to have a hash capacity of around 8.6 EH / s by the end of next year.

Bitcoin mining company Riot Blockchain produced 464 bitcoins in October, an increase of 433% from its production of 87 BTC in the same month last year, according to a press release. Considering production from January to October, the miner increased production by 257% year over year, having mined 2,921 BTC in 2021 and 818 BTC over the same period in 2020.

Riot also provided details of its deployed machines. The company shared that it currently has a mining fleet of 27,720 miners with a hash capacity of 2.8 exahashes per second (EH / s), with plans to increase it. Riot plans to add 9,000 S19j Pro bitcoin mining rigs purchased for $ 54 million from Bitmain to its fleet between May and October 2022.

“As a result of this purchase order, the company expects it will have approximately 90,150 Antminers in operation, using approximately 284 megawatts of power, by the fourth quarter of 2022,” the statement said.

The company has also increased its estimates for hash capacity next year. Riot previously announced that it would house 7.7 EH / s by the end of 2022, but that number has now climbed 11.7% to 8.6 EH / s.

All that mining power is being used to increase the company’s bitcoin holdings, which now stand at 3,995 BTC, according to the statement.

In October, Riot announced that it would start building a new dip-cooled bitcoin mining operation at its Whinstone factory. In total, the miner would house 200 MW of power and over 46,000 Antminer S19 ASICs.

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