Riot Blockchain mined 466 BTC in May
- June 3, 2022
- 0
Nasdaq-listed mining company Riot Blockchain mined 466 BTC in May, up 104% from the same period in 2021. Riot Blockchain Announces May 2022 Production and Operations Updates –
Nasdaq-listed mining company Riot Blockchain mined 466 BTC in May, up 104% from the same period in 2021.
Riot Blockchain Announces May 2022 Production and Operations Updates – 466 Produces #Bitcoin https://t.co/AwciNqJLok#rebel #riotblockchain #bitcoinmining
— Riot Blockchain Inc. (@RiotBlockchain) June 2, 2022
As of May 31, the firm has accumulated 6,536 BTC self-mining cryptocurrency reserves. Riot sold 250 BTC for a net income of approximately $7.5 million last month.
The company reportedly has a fleet of 43,458 miners with a total hash rate of 4.6 EH/s. Jason Les, CEO of Riot Blockchain, said that with the deployment of an additional 7,855 machines, the rate will increase to 5.4 EH/s.
Shares of the company in April, like other crypto-related companies, outpaced bitcoin in terms of depth of decline. Riot shares, along with Marathon Digital, are the most overvalued among public miners, according to a new industry metric from Arcane Research.
In May, Riot shares fell 36.62% to $6.87 at close of June 2.
Recall that in the first quarter of 2022, Riot Blockchain minted 1405 BTC and made a net profit of $ 35.6 million. The indicators were breaking records for this.
Source: Fork Log
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