Riot Platforms Hits New Milestone with 675 Bitcoin Mined and Record Hash Rate Capacity

Riot Platforms, a leading cryptocurrency mining company, announced that it mined 675 Bitcoin in February 2023. As of February 28, 2023, the company had a deployed fleet of 87,264 miners with a hash rate capacity of 9.8 exahash per second. This achievement marks a new all-time high for Riot in terms of hash rate capacity, demonstrating an increase in its computing power to validate transactions on the Bitcoin network.

During February, Riot also deployed 4,608 S19-series miners and ended the month with approximately 2,304 miners staged for deployment. Upon deployment of these staged miners, the company expects to have a total of 89,568 miners deployed, with a hash rate capacity of approximately 10.1 EH/s.

Hash rate is a measure of computing power used to secure a blockchain network, with a higher hash rate indicating more computing power being utilized to validate transactions on the network. Riot’s milestone of a 9.8 exahash per second hash rate capacity highlights the company’s growing presence and influence within the Bitcoin mining industry.