Bitcoin Mining

Our operations are currently based out of Coinmint LLC.’s facility in Massena, New York where we have deployed a fleet of 13,746 next-generation bitcoin mining ASICs. Additionally, Riot has launched a pilot program in Houston, Texas to evaluate opportunities in the ERCOT energy market and test bleeding edge mining technology. Both regions have an abundance of excess energy from renewable generation sources that offer competitive energy pricing to large customers.

We believe the future of bitcoin mining will see a shift towards a growing American share of the global mining hash rate and we are committed to support that trend.

Summary of Riot's bitcoin mining growth milestones:

February 2020 - 4,000 S17 Pro miners deployed bringing operational hash rate capacity to 247 PH/s.

April 2020 - Riot enters co-location hosting agreement with Coinmint in Massena, NY to reduce the Company’s cost of production and increase available MW capacity for expansion. 1,000 S19 Pro miners (110 TH/s) are ordered from Bitmain.

May 2020 - 1,040 S19 miners (95 TH/s) are ordered from Bitmain, bringing the total outstanding order to 2,040 miners. De-commissioned and sold original fleet of prior generation low efficiency miners, upon halving event.

June 2020 - 1,000 S19 Pro miners (110 TH/s) are ordered from Bitmain; cumulative outstanding order totals 3,040 miners.

July 2020 - 1,000 S19 Pro (110 TH/s) miners are received and deployed in Massena, NY. Riot’s mining fleet totals 5,000 miners with an operational hashing capacity of 357 PH/s

August 2020 - 1,040 S19 (95 TH/s) miners are received and deployed in Massena, NY. Riot’s mining fleet totals 6,040 miners with an operational hashing capacity of 456 PH/s. 13,100 S19 Pro miners (110 TH/s) are ordered from Bitmain, bringing the total outstanding order to 14,100 miners.

September/October 2021 - 1,003 S19 Pro (110 TH/s) miners are received and deployed in Massena, NY. Riot’s mining fleet totals 7,043 miners with an operational hashing capacity of 566 PH/s.

December 2020 - 2,500 S19 Pro miners (110 TH/s) and 15,000 S19j miners (100 TH/s) are ordered from Bitmain, bringing the total outstanding order to 30,600 miners.

January 2021 - 2,500 S19 Pro (110 TH/s) miners are received and deployed in Massena, NY. Riot’s mining fleet totals 9,543 miners with an operational hashing capacity of 842 PH/s. 

February 2021 - 2,002 S19 Pro (110 TH/s) miners are received and deployed in Massena, NY. Riot’s mining fleet totals 11,545 miners with an operational hashing capacity of 1.1 EH/s. 

March 2021 - 2,201 S19 Pro (110 TH/s) miners are received and deployed in Massena, NY. Riot’s mining fleet totals 13,746 miners with an operational hashing capacity of 1.3 PH/s. 1,500 S19j miners (100 TH/s) are ordered from Bitmain, bringing the total outstanding order to 25,400 miners.

April – October 2021 - The publicly announced orders of 25,400 S19 Pro (110 TH/s) and S19j (90/100 TH/s) miners are expected to be received and deployed through October 2021 and are expected to raise Riot’s total operational hash rate capacity to 4 EH/s. Riot expects to then have a fully deployed fleet totaling approximately 39,146 miners.