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Riot Blockchain Forecasts 7.7 EH/s by Q4 2022 as Texas Facility Starts Production
Riot acquired the 190,000 square-foot site in April.
Updated Sep 14, 2021, 1:38 p.m. Published Aug 11, 2021, 3:29 p.m.
Nasdaq-listed bitcoin mining company Riot Blockchain forecasts that its new facility at Rockdale, Texas will lift its hash rate capacity to 7.7 EH/s by the fourth quarter of next year.
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- Riot acquired the 190,000 square-foot site in Texas with the acquisition of Whinstone US's data center in Texas in April.
- By early September, the company said it expects to have a total of 25,946 Antminers in operation, providing an estimated hash rate capacity of 2.6 EH/s, according an announcement Tuesday.
- With full deployment of a fleet of more than 80,000 Antminers, 95% of which will be the latest generation S19 model, the company forecast total hash capacity of 7.7 EH/s by Q4 next year.
- Riot expects to consume 257 MW of energy, of which 206 MW will be deployed at the new facility.
Read more: Argo Blockchain Secures $20M Bitcoin-Backed Loan to Expand Texas Data Center
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