CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Announces ‘Another Month of Executional Excellence’
Nov 3, 2022
Riot Blockchain (NASDAQ: RIOT), an industry leader in bitcoin (“BTC”) mining and data center hosting, today announced unaudited production and operations updates for October 2022. Among the highlights, the company reportedly produced 509 BTC, an increase of approximately 10% as compared to October 2021 production of 464 BTC. In addition, as of Oct. 31, 2022, Riot had a deployed fleet of 65,516 miners with a hash rate capacity of 6.9 exahash per second (“EH/s”). “October marked another month of executional excellence for Riot,” said the company’s CEO Jason Les. “We continued to make significant progress on the expansion of our Rockdale Facility, where we recently completed Building G, Riot’s second immersion-cooled building, rapidly deployed new miners in parallel with new infrastructure buildout, and broke ground on the first phase of development on our new Corsicana facility. This focus on solid execution of our growth plans has resulted in another record hash rate capacity this month, as we progress towards our goal of reaching 12.5 EH/s in the first quarter of 2023.”
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About Riot Blockchain Inc.
Riot Blockchain’s vision is to be the world’s leading bitcoin-driven infrastructure platform. The company’s mission is to positively impact the sectors, networks and communities that it touches. Riot believes that the combination of an innovative spirit and strong community partnership allows the company to achieve best-in-class execution and create successful outcomes. Riot is a bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The company has bitcoin mining data center operations in central Texas, bitcoin mining operations in central Texas, and electrical switchgear engineering and fabrication operations in Denver, Colorado. For more information, visit www.RiotBlockchain.com.
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