{"id":48190,"date":"2021-08-24T11:55:09","date_gmt":"2021-08-24T08:55:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48190"},"modified":"2025-09-02T01:02:12","modified_gmt":"2025-09-01T22:02:12","slug":"riot-blockchain-boosted-bitcoin-production-by-about-38-in-q2","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/riot-blockchain-boosted-bitcoin-production-by-about-38-in-q2\/","title":{"rendered":"Riot Blockchain boosted bitcoin production by about 38% in Q2"},"content":{"rendered":"<p>The Nasdaq-listed mining company Riot Blockchain, for the April\u2013June period, posted a record net income of $19.3 million. During the quarter, it mined 675 BTC, up from 491 BTC in January\u2013March.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Riot Blockchain Reports Record Second Quarter 2021 Financial Results \u2014 Increased mining revenue by 1,540% to a record $31.5 million &#038; produced record net income of $19.3 million for 3 month period ending 6\/30 <a href=\"https:\/\/twitter.com\/hashtag\/bitcoinmining?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoinmining<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/riotblockchain?src=hash&#038;ref_src=twsrc%5Etfw\">#riotblockchain<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> <a href=\"https:\/\/t.co\/CcPgoUWHci\">https:\/\/t.co\/CcPgoUWHci<\/a><\/p>\n<p>\u2014 Riot Blockchain (@RiotBlockchain) <a href=\"https:\/\/twitter.com\/RiotBlockchain\/status\/1429914240975085572?ref_src=twsrc%5Etfw\">August 23, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The mining company&#8217;s revenue reached $31.5 million. In the second quarter of 2020 the figure stood at $1.9 million, with net loss for the period of $10.6 million.<\/p>\n<p>As of 31 July, Riot Blockchain held 2,687 BTC (about $133 million) on its balance sheet. For the first half of the year, the company valued cash and cash equivalents at $195.4 million.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00abRiot actively expands the capacities <\/em><a href=\"https:\/\/u1f987.com\/en\/news\/riot-blockchain-to-buy-whinstone-us-for-651-million\"><em>acquired<\/em><\/a><em> from the Whinstone infrastructure provider in April. It will play a critically important role in the company&#8217;s future growth\u00bb<\/em>, \u2014 said Jason Les, CEO of the company.<\/p>\n<\/blockquote>\n<p>During the second quarter, Riot Blockchain began increasing capacity at the Whinstone site by 400 MW, with capacity now put at 750 MW.<\/p>\n<p>During the period the company received 9,900 Antminer S19 Pro units from Bitmain under contracts <a href=\"https:\/\/u1f987.com\/en\/news\/riot-blockchain-to-buy-15000-asic-miners-from-bitmain-for-35-million\">signed<\/a> in 2020. By early July, 7,500 units were in the process of installation.<\/p>\n<p>The equipment fleet reached 16,146 ASIC miners, with a hashrate of 2.07 EH\/s. By early September, Riot&#8217;s management expects to lift these figures to 25,946 ASIC miners, with 83 MW of power and 2.6 EH\/s.<\/p>\n<p>In August it emerged that BlackRock completed the <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-buys-stakes-in-marathon-digital-holdings-and-riot-blockchain\">acquisition<\/a> of 6.61% of Riot Blockchain&#8217;s shares for $175 million.<\/p>\n<p>Subscribe to ForkLog News on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nasdaq-listed mining company Riot Blockchain, for the April\u2013June period, posted a record net income of $19.3 million. During the period it mined 675 BTC, up from 491 BTC in January\u2013March.<\/p>\n","protected":false},"author":1,"featured_media":48191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1137,1186,26],"class_list":["post-48190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining","tag-riot-platforms","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48190"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48190\/revisions"}],"predecessor-version":[{"id":48192,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48190\/revisions\/48192"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48191"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}