Community Trust ScoreVerified
Michael Saylor in response to September Production and Operation Updates from Riot Blockchain expressed: “In September, RiotBlockchain mined 406 BTC, sold none of its production, and ended the month with 3,534 BTC on its balance sheet. Publicly traded Bitcoin miners aren’t selling bitcoin, they are accumulating bitcoin. The game has changed.”
For clarity, Riot Blockchain, Inc. (NASDAQ: RIOT) is a Nasdaq-listed industry leader in Bitcoin (“BTC”) mining and hosting. They have announced the details of their September production and operations update. The details also include unaudited Bitcoin production for September 2021 and the miner shipping and deployment status.
Production and Operations Update Summary: Riot produced 406 BTC in September 2021, which is 346% increase when compared to September 2020 production, which was 91 BTC.
The Company reported a total of 2,457 BTC, an increase of nearly approximately 236% over its BTC production during the same 2020 period of 731 BTC.
Dated, September 30, 2021, Riot held nearly 3,534 BTC, all of which were produced by its self-mining operations.
The Company has deployed a fleet of approximately 25,646 miners, with a hash rate capacity of 2.6 exahash per second (“EH/s”).
Riot are planning to continue providing monthly operational updates. These updates are focused on keeping shareholders informed about the Company’s mining and operations development as it continues to build additional Bitcoin mining infrastructure.
For those who are interested there are Miner Deployment and Shipment Updates and Infrastructure and Hash Rate Growth updates available.
Community Response: What happens? I couldn’t understand how Bitcoin would benefit in terms of price?
I literally spent all my cash this recent dip but I’m still questioning why I didn’t live on ramen and water for a month.
We are on the right side of history guys, firm handshakes to all my fellow Bitcoin dream makers.
I think long-term, Bitcoin is a currency of the Internet. So, even if humans don’t use it, routers will use it. Web browsers will use it. Web servers will use it.
So you tell us the hash power migration from authoritarian China was a good thing in the end? I thought it will not die as media outlets told us.
Bitcoin is extremely undervalued, watching pioneers like Saylor is really quite inspiring.
Definitely not selling any of their stock. Don’t care how low it goes.
