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Riot Blockchain Mines 464 Bitcoin In October Up 433 Percent

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  • Riot Blockchain mined 464 BTC in October 2021, a 433% increase over its October 2020 production of 87 BTC.
  • The company now holds nearly 4,000 bitcoin, all produced in-house.
  • Riot expects to house a hashrate capacity of around 8.6 EH/s by the end of next year.

Bitcoin mining company Riot Blockchain produced 464 bitcoin in October, a 433% increase compared to its production of 87 BTC in the same month last year, according to a press release. Considering January to October production, the miner increased its output by 257% year over year, having mined 2,921 BTC in 2021 and 818 BTC over the same period in 2020.

Riot also provided details on its deployed machinery. The firm shared it currently has a mining fleet of 27,720 miners with a hashrate capacity of 2.8 exahashes per second (EH/s), with plans to increase it. Riot expects to add 9,000 S19j Pro bitcoin mining rigs purchased by $54 million from Bitmain to its fleet between May and October 2022.



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