One of the largest bitcoin miners, RiotBlockchain, mined 28% fewer bitcoins in July, but gained $9.5 million in power credits. Reports Aoyon_A.
the U.S., particularly in Texas. Riot curtailed 11,717 megawatt hours in July, enough to power 13,121 average homes for a month, Les said, adding that it lowered power costs for the company.that were hosted with Coinmint to Riot’s Whinstone Facility in Rockdale, Texas, which resulted in about 2,146 miners being offline.it mines, Riot sold 275 bitcoins in July, generating $5.6 million. The miner now holds about 6,696 bitcoins.
Riot said its current hashrate, or mining power capacity, is 4.2 exahash per second , and it expects total self-mining hashrate to climb to 12.5 EH/s by the first quarter of 2023. In comparison, Riot’s competitor, Marathon Digital, said it will reach aRiot's shares have fallen about 65% this year, underperforming bitcoin’s slump of about 50%. The stock was up 7% on Wednesday morning Eastern time.
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