Riot Platforms produces 9% less bitcoins in shortest month of year

Riot Platforms ( NASDAQ: RIOT ) has generated 675 bitcoins ( BTC-USD ) in February, reflecting a 9% slump from January and a 55% jump from a year ago, the miner said Friday. Bear in mind that February is the shortest month of the year, so that likely has something to do with the lower output. During the same period, the company sold 600 bitcoins ( BTC-USD ) as part of its continued effort to free up capital. As of Feb. 28, it held around 7,058 self-mined bitcoins ( BTC-USD ). RIOT had a deployed fleet of 87,264 miners with a hash rate capacity of 9.8 exahash per second (EH/s), excluding 17,040 miners currently offline as a severe winter storm in Texas had damaged Building G. “We have also continued to make progress on repairs to our immersion buildings, including Building G, where we now anticipate a return to full operations by the second half of 2022," said RIOT CEO Jason Les. "Once achieved, this will bring back 1.9 EH/s of hash rate currently offline and not included in our reported hash rate capacity.” Upon deployment of the 2,305 S19-series staged miners, the company expects to have a total of 89,568 miners deployed with a hash rate capacity of approximately 10.1 EH/s. Earlier, Riot ( RIOT ) posted a wider than expected loss in 2022 and restated some of its previously issued financial results due to a bitcoin impairment accounting issue .