The recent dip in the price of Bitcoin is not affecting mining activities across the BTC network. Nasdaq-listed Bitcoin mining company Riot Blockchain recently announced its production and operation updates February 2022 and reported a significant increase of 189% YoY in BTC production.
Over the last month, the company has produced 436 Bitcoin, compared to 179 coins in the same period last year. As of February 28, 2022, the mining company held nearly 5,783 BTC, produced by Riot’s self-mining operations.
The Bitcoin mining company has increased its hash ratio substantially since the beginning of 2021. In the recent announcement, Riot also provided updates on the expansion of its mining infrastructure.
“During the month of February, Riot continued to make progress in the first phase of its immersion-cooled Bitcoin mining deployment, with more than 10,000 S19j Pro Antminers now deployed in immersion-cooling tanks,” said Jason Les, CEO of Riot. Blockchain.
“We have begun the process of evaluating performance and will closely monitor our submerged performance data over the next 60 days. As our team continues to build our immersion operation, we value and evaluate future opportunities to further exploit our expertise in immersion cooling development and deployment. , “They added.
As a result of the company’s improved mining infrastructure, its profits have increased over the last year. In 2021, Riot Blockchain announced partnerships with several leading companies around the world, including Bitmain Technologies Limited for the purchase of S19j Antminers.
Hash Index
Providing details on the estimated hash ratio in 2022, Riot mentioned that it plans to reach a total self-mining hash rate of 12.8 EH / s by January 2023.
“Approximately 97% of Riot’s self-mining fleet will consist of the latest generation S19 series mining model. After full deployment of all now contract miners, the Company’s total self-mining fleet will consume approximately 370 MW of energy,” Riot stressed.
The recent dip in the price of Bitcoin is not affecting mining activities across the BTC network. Nasdaq-listed Bitcoin mining company Riot Blockchain recently announced its production and operation updates February 2022 and reported a significant increase of 189% YoY in BTC production.
Over the last month, the company has produced 436 Bitcoin, compared to 179 coins in the same period last year. As of February 28, 2022, the mining company held nearly 5,783 BTC, produced by Riot’s self-mining operations.
The Bitcoin mining company has increased its hash ratio substantially since the beginning of 2021. In the recent announcement, Riot also provided updates on the expansion of its mining infrastructure.
“During the month of February, Riot continued to make progress in the first phase of its immersion-cooled Bitcoin mining deployment, with more than 10,000 S19j Pro Antminers now deployed in immersion-cooling tanks,” said Jason Les, CEO of Riot. Blockchain.
“We have begun the process of evaluating performance and will closely monitor our submerged performance data over the next 60 days. As our team continues to build our immersion operation, we value and evaluate future opportunities to further exploit our expertise in immersion cooling development and deployment. , “They added.
As a result of the company’s improved mining infrastructure, its profits have increased over the last year. In 2021, Riot Blockchain announced partnerships with several leading companies around the world, including Bitmain Technologies Limited for the purchase of S19j Antminers.
Hash Index
Providing details on the estimated hash ratio in 2022, Riot mentioned that it plans to reach a total self-mining hash rate of 12.8 EH / s by January 2023.
“Approximately 97% of Riot’s self-mining fleet will consist of the latest generation S19 series mining model. After full deployment of all now contract miners, the Company’s total self-mining fleet will consume approximately 370 MW of energy,” Riot stressed.
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