InvestorWire NewsRoom

InvestorNewsBreak

InvestorNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Achieves New Record for Total Hash Rate Capacity in November 2022
December 5, 2022

InvestorNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Achieves New Record for Total Hash Rate Capacity in November 2022

Riot Blockchain (NASDAQ: RIOT), an industry leader in bitcoin (“BTC”) mining and data center hosting, today announced unaudited production and operations updates for November 2022. Among the highlights, the company reported that it produced 521 BTC, an increase of approximately 12% as compared to November 2021 production of 466 BTC. In addition, Riot had deployed a fleet of 72,428 miners, with a hash rate capacity of 7.7 exahash per second (“EH/s”), as of Nov. 30, 2022. “Riot again achieved a new record for total hash rate capacity during the month of November, resulting in our highest monthly bitcoin production figure to date,” said Jason Les, CEO of Riot. “Despite this new level of production, expected production was approximately 660 bitcoin given our operating hash rate over the month, assuming normalized performance of the mining pool we participate in. Variance in a mining pool can impact results and while this variance should balance out over time, can be volatile in the short term. This variance led to lower bitcoin production than expected in the month of November, relative to our hash rate.”

To view the full press release, visit https://ibn.fm/TNzlq

About Riot Blockchain Inc.

Riot Blockchain’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.

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork

Recent NewsBreaks

NewsBreaks Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).