Fortress Rock, CO, Feb. 11, 2021 (GLOBE NEWSWIRE) — Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot”, “Riot Blockchain” or the “Firm”), one of many few NASDAQ-listed bitcoin mining corporations in the USA, introduced that it’ll obtain an estimated hash price capability of 1.06 Exahash per second (“EH/s”) with the deployment of the newly acquired 2,002 S19 Professional Antminers.
“Exceeding 1 EH/s in hash price capability marks a serious milestone for the Firm,” mentioned Jason Les, CEO of Riot. “Whereas we’re pleased with this accomplishment, we view it because the profitable completion of simply one among many steps of our ongoing progress plan. Riot continues to obtain and deploy next-generation miners from Bitmain and stays on schedule to greater than triple our at present deployed capability by the fourth quarter of 2021.”
The two,002 S19 Professional Antminers had been acquired in reference to the acquisition order from Bitmain as beforehand disclosed in August 2020, with set up anticipated to be accomplished over the following week. With the deployment of those 2,002 S19 Professional Antminers, Riot could have a complete of 11,542 Antminers in operation. Riot’s hash price capability will attain an estimated 1.06 EH/s, representing a virtually 26% enhance over its prior operational hash price capability upon set up of the brand new miners.
Riot has a further 26,100 S19 Professional and S19j Antminers on order with Bitmain, that are scheduled for cargo every month by means of October 2021. As soon as totally deployed, the Firm estimates it’s going to have a complete of 37,642 Bitmain Antminers in operation with an estimated combination bitcoin mining hash price capability of three.8 EH/s. Primarily based on current shipments, Riot anticipates continued well timed shipments in accordance with the Bitmain buy orders.
About Riot Blockchain
Riot Blockchain (NASDAQ: RIOT) focuses on cryptocurrency mining of bitcoin. The Firm is increasing and upgrading its mining operations by securing essentially the most vitality environment friendly miners at present accessible. Riot additionally holds sure non-controlling investments in blockchain expertise corporations. Riot is headquartered in Fortress Rock, Colorado, and the Firm’s mining facility operates out of upstate New York, below a co-location internet hosting settlement with Coinmint. For extra info, go to www.RiotBlockchain.com.
The data offered on this press launch might embody forward-looking statements referring to future occasions or the longer term monetary efficiency of the Firm. As a result of such statements are topic to dangers and uncertainties, precise outcomes might differ materially from these expressed or implied by such forward-looking statements. Phrases corresponding to “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope” and comparable expressions are supposed to establish forward-looking statements. These forward-looking statements are based mostly upon present expectations of the Firm and contain assumptions which will by no means materialize or might show to be incorrect. Precise outcomes and the timing of occasions might differ materially from these anticipated in such forward-looking statements on account of numerous dangers and uncertainties. Detailed info concerning elements which will trigger precise outcomes to vary materially from the outcomes expressed or implied by statements on this press launch referring to the Firm could also be discovered within the Firm’s periodic filings with the U.S. Securities and Alternate Fee (the “SEC”), together with the elements described within the sections entitled “Danger Elements,” copies of which can be obtained from the SEC’s web site at www.sec.gov. The Firm doesn’t undertake any obligation to replace forward-looking statements contained on this press launch.
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