Bitcoin miner Riot expects growth delay due to December storm damages


Bitcoin miner Riot mentioned there will likely be a delay in assembly its first quarter hashrate steerage of 12.5 EH/s on account of harm from the winter storm that hit the U.S. in December and knocked miners offline.

In January, it mined 740 bitcoins, 12% greater than within the earlier month when it curtailed energy as a result of storm.

Of the two.5 EH/s affected by harm to piping in two buildings, a complete of 0.6 EH/s has been introduced again on-line with 1.9 EH/s remaining.

“The corporate is evaluating its restore choices and can present further info on deployment timelines because it turns into out there,” Riot mentioned in a press release.

The miner offered 700 BTC in January because the coin rallied, bringing in $13.7 million. Rival Marathon, which generally holds all of its bitcoin, offered 1,500 final month.

Riot had a hash fee capability of 9.3 EH/s as of Jan. 31, with 82,656 miners deployed.

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