Bitcoin miner Riot Platforms hash rate booms 50% in June

Riot’s hash rate of 22 EH/s surpassed CleanSpark and Core Scientific and now only trails Marathon Digital’s 31.5 EH/s.

Bitcoin mining firm Riot Platforms increased its deployed hashrate by 50% in June, helping it mine 255 Bitcoin — a near-20% increase from May. Riot’s hashrate increased from 14.7 exahashes per second to 22 EH/s over the month after it completed miner installations at its Corsicana facility and tapped into additional available capacity at its Rockdale Facility.June as a “historic month” as the firm managed to exceed its mid-year deployed hashrate target of 21.4 EH/s. The energization of these miners primarily took place in the last few days of June.Riot said it is on track to increase its total self-mining hash rate capacity to 31.

It is targeting 100 EH/s by 2027 or shortly after, which it anticipates could be reached should it fully exercise its option to purchase more MicroBT’s in the future.Riot’s share price fell 1.5% on Wednesday to $9.57, Google Finance data shows.

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