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.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.