Riot Blockchain (NASDAQ: Riot) produced 659 Bitcoins (BTC-USD) in December, up 26% from November 2022 and 55% more than December 2021 production.riot stock 1.0% increase After hours trading on Wednesday.
The company received $4.9 million in power credits this month. It is the result of reduction activities and is equivalent to approximately 290 Bitcoins using the weighted average daily closing price of $16,967 in December 2022.
Riot (RIOT) sold 600 BTC, generating a net profit of approximately $10.2 million as of December 31, 2022, and holds approximately 6,952 BTC, all of which were generated by the company’s self-mining business. rice field.
Bitcoin miners have deployed an additional 16,128 S-19 series miners, boosting hash rate capacity to an all-time high of 9.7 EH/s, CEO Jason Leth said.
Some of the company’s operations at its Rockdale facility suffered some damage from the severe winter weather in Texas, impacting ~2.5 EH/S of total hash rate capacity. However, in anticipation of the storm, the company voluntarily reduced operations to contribute to the stability of his ERCOT grid.
With ~1,152 miners ready for deployment, the company expects a total of 89,708 miners to be deployed with a hash rate capacity of ~9.9 EH/s. In addition, 5,130 units of his S19 series His Minor have started shipping and are expected to be delivered sometime in January 2023.
During the first quarter of 2023, the company expects a total self-mining hash rate capacity of 12.5 EH/s, assuming a full deployment of approximately 115,450 Antminer ASICs, but 200 MW of immersion cooling. Excludes potential incremental productivity gains from infrastructure usage.
Earlier Wednesday, Marathon Digital (MARA), Silvergate (SI) surged as traders returned to crippled crypto stocks