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Seeking Alpha 2022-05-03 13:56:40

Riot Blockchain produces 150% more BTC in April, sees 2023 total self-mining hash rate at 12.8 EH/s

Riot Blockchain (NASDAQ:RIOT) produced 508 BTC in April 2022 (compared to 508 BTC in March 2022), an increase of ~150% from April 2021 production of 203 BTC. As of Apr. 30, 2022, it held ~6,320 BTC, all produced by the company's self-mining operations. Riot sold 250 bitcoin generating net proceeds of ~$10M. Current, the company has a deployed fleet of ~46,375 miners, with a hash rate capacity of 4.7 exahash per second. Since prior month update, Riot received an additional 5,070 new S19j Pros, deployed ~3,456 S19j Pros in its immersion-cooled building with an additional 7,240 additional miners staged for deployment. Also, shipments of 1,702 S19j Pros have been initiated out of Bitmain and are expected to be received during May 2022 post which company expects to have a total of 55,317 miners deployed with a hash rate capacity of ~5.6 EH/s. By January 2023, Riot sees a total self-mining hash

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