Riot Blockchain Announces March 2022 Production and Operations Updates - Seite 2

Since its last monthly update, Riot received an additional 1,080 new S19j Pros, deployed approximately 4,440 S19j Pros in its immersion-cooled building, pictured above, along with 5,030 additional miners staged for deployment. Additionally, 5,430 S19j Pros have been shipped from Bitmain and are expected to be received during April 2022. Once the staged miners and those from the April delivery are deployed, the Company expects to have a total of 53,379 miners deployed with a hash rate capacity of approximately 5.4 EH/s.

Infrastructure Update

Throughout the month of March, Riot’s digital infrastructure expansion project at the Whinstone Facility has continued to make progress. Buildings D and E, both employing air-cooled technology, are nearing completion. The electrical installation process in both buildings has begun; the louvres have been placed in D and the roof installment has begun in E.

Buildings F and G, both employing the Company’s state-of-the-art immersion-cooling technology, have continued progress with miners being deployed in Building F, and with electrical equipment installation nearing completion.

Building X, Riot’s Employee Training and Health & Safety Center, received wall panels and insulation, reaching approximately 80% completion.

Overall site conditions and ancillary projects pertaining to watershed management, landscaping and soil retention continue to be thoughtfully designed and monitored to ensure the efficacy and longevity of the Company’s current and future operations.

Estimated Hash Rate Growth                     

By January 2023, Riot anticipates a total self-mining hash rate capacity of 12.8 EH/s, assuming full deployment of approximately 120,150 Antminer ASICs, but excluding any potential expected incremental productivity gains from the Company’s utilization of 200 MW of immersion-cooling infrastructure. Approximately 97% of the Company’s self-mining fleet will consist of the latest generation S19 series miner model. Upon full deployment of all currently contracted miners, the Company’s total self-mining fleet will consume approximately 370 MW of energy. In addition to the Company’s self-mining operations, Riot hosts approximately 200 MW of institutional Bitcoin mining clients.