{"id":225005,"date":"2021-04-12T19:20:00","date_gmt":"2021-04-12T16:20:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/riot-blockchain-bitcoin-production-jumps-80-over-pre-halving-levels\/"},"modified":"2021-04-12T19:20:00","modified_gmt":"2021-04-12T16:20:00","slug":"riot-blockchain-bitcoin-production-jumps-80-over-pre-halving-levels","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/riot-blockchain-bitcoin-production-jumps-80-over-pre-halving-levels\/","title":{"rendered":"# Riot Blockchain Bitcoin production jumps 80% over pre-halving levels"},"content":{"rendered":"

“# Riot Blockchain Bitcoin production jumps 80% over pre-halving levels <\/strong>”
\n<\/p>\n

In an announcement today, Riot reported<\/a> that it had produced 187 Bitcoin (BTC) \u2014 roughly $11.2 million \u2014 last month, an 80% increase over its BTC mining in March of last year. The company said it held more than 1,565 Bitcoin on its balance sheet as of March 31, more than $94 million in crypto.<\/p>\n

The mining report follows Riot’s $138 million purchase of 42,000 S19j Antminers from crypto mining giant Bitmain. Roughly 6% of the rigs \u2014 2,400 Antminers \u2014 are reportedly already on route to Coinmint\u2019s facility in New York, where Riot runs a portion of its mining operations. By the end of April, Riot claims it will have 16,146 Antminers in operation capable of producing 1.6 exahashes per second, or EH\/s. <\/p>\n

As more of the Antminers are put into operation, Riot expects its hashing power to rise significantly. By the end of this year, the mining firm expects to achieve a hash rate capacity of 3.8 EH\/s, while the total fleet capacity of 81,146 Antminers \u2014 expected to be fully operational before the fourth quarter of 2022 \u2014 may produce a hash rate of 7.7 EH\/s. According to blockchain data, this would represent<\/a> more than 4% of the hashrate for the entire Bitcoin network, roughly 171 million terahashes per second at the time of publication.<\/p>\n

Riot is also reportedly planning to purchase a major mining facility in the state of Texas. The mining firm said last week that it would buy the Northern Data-owned Whinstone company for $650 million. The deal would seemingly allow Riot to run its rigs in Texas with a total capacity of 750 megawatts, with an additional 300 MW expansion planned.<\/p>\n