Riot Blockchain Raises 2022 Hashrate Guidance for Second Time in a Month


One of the most important bitcoin miners, Riot Blockchain (RIOT), raised its 2022 steerage for its mining energy to 9.0 exahash per second (EH/s) from the earlier forecast of 8.6 EH/s, marking the second enhance to its 2022 steerage inside a month.

  • Riot attributed the rise to the acquisition of three,000 of Bitmain’s newest mining machines, the S19XP, that are anticipated to be delivered and deployed by December of subsequent yr, according to a statement.
  • The miner famous that the rise in its hashrate steerage doesn’t embody any potential advantages from the adoption of its 200-megawatt immersion-cooled know-how, which is anticipated to extend the mining energy of its present computer systems.
  • Riot additionally stated that it mined 466 bitcoins in November, rising about 298% year-over-year however solely a very slight enhance from the 464 bitcoins it mined in October.
  • As of Nov. 30, the corporate held about 4,464 bitcoins and has mining energy of three EH/s, which is about 2% of the full Bitcoin community’s hashrate of 149 exahash per second, in keeping with information analytics agency Glassnode as of Dec. 1.
  • The shares of the miner had been up barely in post-market buying and selling, after the shares of many crypto miners tumbled throughout regular buying and selling hours on Thursday as crypto costs fell.

Read extra: Bitcoin Miner Riot Blockchain Buys Electrical Equipment Provider ESS Metron for $50M