Riot Blockchain Forecasts 7.7 EH/s by Q4 2022 as Texas Facility Starts Production

Riot Blockchain Forecasts 7.7 EH/s by Q4 2022 as Texas Facility Starts Production

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.

  • 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.
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