Riot Blockchain (NASDAQ:RIOT) mined 485 bitcoins (BTC-USD) in January, a 7.8% boost from December and surged 252% from Jan. 2021. The company had a deployed fleet of ~32,552 miners with a hash rate of 3.4 exahash per second, up from 3.1 EH/s in the previous month. Moreover, "we expect to see increases in our hash rate capacity as we continue to execute on deployments in the newly completed Building F and the soon to be completed, Building G, said Riot CEO Jason Les. By Q4 2022, Riot anticipates a hash rate capacity of 12.8 EH/s, assuming full deployment of approximately 120,150 Antminer ASICs, the company said. It held approximately 5,347 self-mined BTC in January. Meanwhile, shares of RIOT gain 2.2% in pre-market trading as bitcoin (BTC-USD +3.3%) climbs to $37.6K per token. Earlier this week, Riot Blockchain shut down its Texas site due to the current whether conditions.
What Happened In Crypto This Week?
