Riot Blockchain Inc announces its rebranding to Riot Platforms Inc.
The company formerly known as Riot Blockchain, Inc. , that it changed its name to Riot Platforms, Inc.
Riot plans to expand
Riot Platforms is a leading company in the data center hosting and BTC mining industry. The company’s growth strategy to continue growing its increasingly diversified business operations is supported by the Riot rebranding, which also symbolizes the reinvention of the company’s ambition to become the world’s best bitcoin-driven infrastructure platform.
This is a significant achievement for Riot and comes as a result of our unique strategic market position… Our successful acquisitions of Whinstone US, which develops and operates the largest data center dedicated to bitcoin mining in North America, and ESS Metron, which has enhanced its component engineering and supply chain capabilities, formed the foundation on which Our teams have built on it and will continue to develop business platforms for further growth. The scale and scale of our business continues to expand, and this branding better reflects our position as a strategic allocator of capital to increasingly scale our Bitcoin-focused operations.
Jason Leigh, Riot CEO.
Riot’s BTC mining hash rate
Riot aspires to become the best Bitcoin-powered infrastructure platform.
Riot currently uses 136 megawatts of electricity and has a distributed hash rate capacity of 4.6 EH/s. Riot recently secured purchase agreements for more S19 miners, expected to be delivered and deployed by Q1 2023, boosting their capacity for self-mining hashrates to 12.6 EH/s.
Along with the company’s mining activities, Riot also offers approximately 200 megawatts of institutional bitcoin mining clients.
Riot is a vertically integrated company that specializes in bitcoin mining and digital infrastructure, including blockchain. The company operates bitcoin data center activities, bitcoin mining operations, switchgear engineering, and manufacturing facilities in central texas and central texas, respectively.