Bitcoin Miner Riot Q2 Update understreger markedsforholdene, har over 6,000 BTC

• Riot increased its mining fleet to over 44,000 miners and still has more than 3,000 left to deploy.
• The company’s bitcoin production rose 107% YoY.
• A $14 million bitcoin sale and a 30 million share offering strengthened the company’s cash position.

Bitcoin minearbejder Riot udgivet sin Q2 bitcoin mining and production update on Tuesday, which highlights ongoing capitulation trends in the bitcoin mining industry, but Riot’s capitulation paid for expansion while others simply needed to stay afloat.

Navnlig øgede Riot sin år-til-år (YoY) BTC-produktion med 107%, hvilket resulterede i produktionen af ​​1,395 BTC til en værdi af omkring $34 millioner på pressetidspunktet, i modsætning til sidste års 675 BTC, eller omkring $16 millioner.

Riots produktion kan tilskrives dens voksende minearbejderflåde. Virksomheden kan i øjeblikket prale af 44,720 applikationsspecifikke integrerede kredsløb (ASIC) BTC-minearbejdere med en hash-rate på 4.4 exahash per sekund (EH/s), som det vil udvide til 47,511 ASIC'er, der udsender nær 4.9 EH/s, når alle dets nyligt afsendte minearbejdere er fuldt indsat.

However, amid Riot’s growth in both self-mining and hosted facilities driving the company’s hashrate, it still had to sell $14.4 million worth of bitcoin along with dumping an additional 30.6 million shares on the stock market, which raised an additional $267 million. Thus, the company now holds assets valued at $496 million with $270 million of that being cash-on-hand, up from its $113 million cash value in Q1.

Therefore, even though the miner capitulated and sold some of its bitcoin while dumping shares on the market, the company is financially stronger. Additionally, it is worth noting the company still holds a treasury of 6,653 BTC, or nearly $159 million.

Truly, the bitcoin mining industry has traversed dangerous waters during this market downturn. Large-scale miners like Kerne videnskabelig , Bitfarms sold more bitcoin than they mined during Q2. Nevertheless, other miners such as Hytte 8 , Digithost continue to hodl every bitcoin they produce.