Riot Blockchain announces unaudited production and operations updates for November 2022. Bitcoin Production and Operations Updates for November 2022: Riot produced 521 BTC, an increase of approximately 12% as compared to November 2021 production of 466 BTC. Riot held approximately 6,897 BTC, all produced by the Company’s self-mining operations, as of November 30, 2022. Riot sold 450 BTC, generating net proceeds of approximately $8.1 million. Riot had a deployed fleet of 72,428 miners, with a hash rate capacity of 7.7 exahash per second, as of November 30, 2022. "Riot again achieved a new record for total hash rate capacity during the month of November, resulting in our highest monthly Bitcoin production figure to date," said Jason Les, CEO of Riot. "Despite this new level of production, expected production was approximately 660 Bitcoin given our operating hash rate over the month, assuming normalized performance of the mining pool we participate in. Variance in a mining pool can impact results and while this variance should balance out over time, can be volatile in the short term. This variance led to lower Bitcoin production than expected in the month of November, relative to our hash rate."
Published first on TheFly
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