Riot Blockchain Raises 2022 Hashrate Guidance for Second Time in a Month

Posted on by American Coins & Gold

Riot Blockchain Raises 2022 Hashrate Guidance for Second Time in a Month
One of the largest bitcoin miners, Riot Blockchain (RIOT), raised its 2022 guidance for its mining power to 9.0 exahash per second (EH/s) from the previous forecast of 8.6 EH/s, marking the second increase to its 2022 guidance within a month.Riot attributed the increase to the purchase of 3,000 of Bitmain’s latest mining machines, the S19XP, which are expected to be delivered and deployed by December of next year, according to a statement.The miner noted that the increase in its hashrate guidance doesn’t include any potential benefits from the adoption of its 200 megawatt immersion-cooled technology, which is expected to…