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Seeking Alpha 2022-03-03 21:45:36

Riot Blockchain's February bitcoin production slips from January

Riot Blockchain (NASDAQ:RIOT) produced 436 bitcoin (BTC-USD) in February, down 4.8% from January, but up 189% from a year ago. As of Feb. 28, 2022, the company held 5,783 bitcoin (BTC-USD), all produced from the company's self-mining operations. Since its last monthly update, Riot (RIOT) received 5,454 more new S19j Pros, deployed 5,800 more 5,800 S19j Pros in its immersion-cooled building, along with 8,559 additional miners staged for deployment. An additional 3,404 S19j Pros have been shipped from Bitmain and are expected to be received during March. By January 2023, Riot (RIOT) expects a total self-mining hash rate capacity of 12.8 exahash per second. That compares with its current capacity of 3.9 EH/s, which increased from 3.4 EH/s in January. Earlier, Bitcoin (BTC-USD) slips to $42.1K but still keeps within two-month range

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