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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.
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.
STORY CONTINUES BELOW
- 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
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
