Bitcoin Miner Riot Produces 355 Bitcoin In September
Riot, a Bitcoin miner, upped its hash rate by 16.7% in September to 5.6 exahashes per second while expanding its Whinstone plant in Texas.
In September, which was the last month of its participation in the Electric Reliability Council of Texas’ (ERCOT) 4CP program, the business sold 300 BTC for a total of around $6.1 million while producing 355 BTC (a 5% month-over-month reduction).
CEO Jason Les said:
“Riot made remarkable operational progress this September, which was the last month of our participation in ERCOT’s 4CP program for the year. We are thrilled to announce that Building D, the sixth building at our Rockdale facility, is now online. Our team has expanded Riot’s total deployed fleet by 9,070 miners and increased our hash rate capacity to an all-time high of 5.6 EH/s.”
In June, the company reported that it earned $9.5 million in power credits for shutting off machinery during peak demand for electricity in the state, much outweighing any mining income.
Riot sued Northern Data last month over the Texas property it purchased from the Bitcoin miner in 2021.
As CoinCu reported, CleanSpark also stated Tuesday that it increased its hashrate by 21%, hitting a total of 4.16 EH/s at the end of the month.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Website: coincu.com
Harold
CoinCu News
Author
Bitcoin
Bitcoin Miner Riot Produces 355 Bitcoin In September
Riot, a Bitcoin miner, upped its hash rate by 16.7% in September to 5.6 exahashes per second while expanding its Whinstone plant in Texas.
In September, which was the last month of its participation in the Electric Reliability Council of Texas’ (ERCOT) 4CP program, the business sold 300 BTC for a total of around $6.1 million while producing 355 BTC (a 5% month-over-month reduction).
CEO Jason Les said:
“Riot made remarkable operational progress this September, which was the last month of our participation in ERCOT’s 4CP program for the year. We are thrilled to announce that Building D, the sixth building at our Rockdale facility, is now online. Our team has expanded Riot’s total deployed fleet by 9,070 miners and increased our hash rate capacity to an all-time high of 5.6 EH/s.”
In June, the company reported that it earned $9.5 million in power credits for shutting off machinery during peak demand for electricity in the state, much outweighing any mining income.
Riot sued Northern Data last month over the Texas property it purchased from the Bitcoin miner in 2021.
As CoinCu reported, CleanSpark also stated Tuesday that it increased its hashrate by 21%, hitting a total of 4.16 EH/s at the end of the month.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
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