The mining firm has cited the low price of Bitcoin, electricity costs, an increase in the BTC hash rate, and.
Riot Blockchain Inc.
Riot Blockchain, Inc. is a Bitcoin mining company, supporting the Bitcoin blockchain through rapidly expanding large-scale mining in the United States. We are focused on expanding our operations by increasing our Bitcoin mining hash rate and infrastructure capacity. Riot believes the future of Bitcoin mining will benefit from American operations and endeavors to be the driver of that future.
Our Bitcoin mining operations include both Whinstone U.S.’ facility in Rockdale, Texas and our hosted miners at Coinmint LLC’s Massena, New York facility. Whinstone U.S. is a wholly owned subsidiary of Riot Blockchain and consists of the single largest Bitcoin mining and hosting facility in North America, as measured by its 750 MW in developed capacity. Riot currently has a deployed hash rate capacity of 4.3 EH/s utilizing approximately 136 megawatts (MW) of energy.