Riot Platforms, Inc. reports developments tied to its Bitcoin mining operations, large-scale data center business, power portfolio, and engineering capabilities. The company operates Bitcoin mining facilities in central Texas and Kentucky and maintains engineering and fabrication capabilities in Denver and Houston, with revenue historically centered on Bitcoin mining and engineered electrical products.
Recurring Riot news includes quarterly and annual financial results, Bitcoin production and hash-rate updates, power and demand-response credits, data center lease activity, site ownership and development at Rockdale, and collaborations involving high-density computing infrastructure. Company updates also cover earnings calls, shareholder communications, governance matters, and the use of power assets to support Bitcoin mining and non-mining data center workloads.
Riot Blockchain, Inc. (NASDAQ: RIOT) produced 436 BTC in February 2022, marking a 189% increase from 179 BTC in February 2021. As of the end of February, the company held approximately 5,783 BTC and has a deployed fleet of 38,310 miners with a hash rate capacity of 3.9 EH/s. Riot has received additional shipments of miners and expects to deploy a total of 50,273 miners with a capacity of 5.0 EH/s. The company is also progressing on its 400 MW infrastructure expansion at the Whinstone Facility in Texas, despite weather disruptions.
Riot Blockchain reported producing 458 Bitcoin in January 2022, marking a 252% increase from January 2021. The company holds approximately 5,347 BTC from self-mining operations and has a deployed fleet of about 32,552 miners with a hash rate of 3.4 EH/s. Riot is actively curtailing operations due to adverse weather impacts on Texas's ERCOT grid. Infrastructure expansion is ongoing, with 400 MW planned, and Riot expects to reach a 12.8 EH/s hash rate capacity by Q4 2022. Key personnel changes were also announced.
Riot Blockchain produced 425 Bitcoin in December 2021, totaling 3,812 BTC for the year, a 269% increase from 2020. The company executed $301 million in purchase agreements for 27,000 miners, increasing its estimated 2022 hash rate capacity to 12.8 EH/s, a 42% rise. Riot's operations include a deployed fleet of approximately 29,593 miners and the completion of its immersion-cooled Building F. The strategic acquisition of ESS Metron enhances its infrastructure capabilities, while ongoing construction remains on schedule despite global supply chain challenges.
Riot Blockchain (NASDAQ: RIOT) reported significant growth in Bitcoin production and an increase in hash rate capacity. In November 2021, the company produced 466 BTC, a 298% increase from November 2020. Year-to-date production reached 3,387 BTC, up 262% year-over-year. Riot has executed a $33 million purchase order for 3,000 miners, expecting an operational hash rate of 9.0 EH/s by Q4 2022. Despite global logistics challenges, miner shipments continue, with a new 400 MW infrastructure expansion underway.
Riot Blockchain has acquired ESS Metron for approximately $50 million, enhancing its position in the Bitcoin mining industry. The deal includes $25 million in cash and up to 715,413 shares of Riot stock. ESS Metron, a leader in electrical equipment solutions, will help de-risk critical infrastructure procurement, aiding Riot's expansion to a 700 MW capacity. This acquisition is expected to improve internal engineering capabilities and ensure timely miner installations. ESS Metron will continue operating as an independent subsidiary, retaining its workforce and long-term client relationships.
Riot Blockchain (NASDAQ: RIOT) reported record financial results for Q3 2021, achieving a 2,532% increase in total revenue to $64.8 million compared to $2.5 million in Q3 2020. Mining revenue rose 2,099% to $53.6 million, with a mining margin of 76%. Bitcoin production surged 482% to 1,292 BTC in Q3 2021. Despite a net loss of $15.3 million, mainly from stock-based compensation and unrealized losses, adjusted EBITDA increased to $37.6 million. Riot's hash rate is projected to reach 8.6 EH/s by Q4 2022, supported by ongoing expansions and miner deployments.
Riot Blockchain reported production of 464 Bitcoins in October 2021, marking a 433% increase from the previous year. Year-to-date production reached 2,921 BTC, up 257% year-over-year. Riot expects a hash rate capacity of 8.6 EH/s in 2022, following a $54 million purchase of 9,000 miners. The company’s ongoing 400 MW expansion at its Whinstone facility is progressing, with immersion-cooling expected to enhance efficiency by 25-50%. Riot remains focused on maintaining operational updates through 2021.
Riot Blockchain (NASDAQ: RIOT) is advancing its Bitcoin mining capacity with the development of 200 MW of immersion-cooled technology at its Whinstone facility. This initiative marks the first industrial-scale deployment of immersion cooling in the Bitcoin mining industry. The new infrastructure aims to enhance operational efficiencies, potentially increasing the hash rate by 25% to 50%. The immersion-cooled setups will host approximately 46,000 S19 Antminers, with deployment expected by Q4 2021. This development underscores Riot's commitment to reducing operational costs and increasing mining productivity.
Riot Blockchain (NASDAQ: RIOT) reported significant growth in its Bitcoin production for September 2021, producing 406 BTC, a 346% increase from 91 BTC in September 2020. Year-to-date, the company has generated 2,457 BTC, up by 236% compared to last year's 731 BTC. As of September 30, Riot held 3,534 BTC. The company is expanding its miner fleet, expecting to deploy a total of 27,646 Antminers by early November, increasing its hash rate to 2.8 EH/s. Construction at the Whinstone Facility is ongoing with a target hash rate of 7.7 EH/s by Q4 2022.
Riot Blockchain (NASDAQ: RIOT) announces a live investor tour of its Whinstone Facility on October 20, 2021. This facility, acquired in May 2021, boasts a developed capacity of 300 megawatts (MW) and competitive energy costs of approximately 2.5 cents per kWh. Following the acquisition, Riot is expanding the facility by an additional 400 MW, with segments expected to be completed by Q1 2022 and Q2 2022. Investors can meet Riot and Whinstone management to gain insights into their operations.