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The mining steadfast reported 2 of the buildings astatine its Whinstone installation successful Rockdale were damaged successful December arsenic Texas experienced days of sub-zero temperatures.
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Crypto mining steadfast Riot Platforms — formerly Riot Blockchain — reported that 17,040 rigs deployed astatine its operations successful Texas were offline owed to “severe wintertime weather” successful the state.
According to a Feb. 6 announcement, Riot reported 2 of the buildings astatine its Whinstone installation successful Rockdale, Texas were damaged successful December 2022 arsenic the authorities experienced days of sub-zero temperatures. From Dec. 22 to Dec. 25, temperatures crossed galore parts of Texas — and the United States — dropped to beneath freezing.
“Some sections of piping successful Buildings F and G were damaged during the terrible wintertime storms successful Texas successful precocious December,” said Riot CEO Jason Les. “As a effect of this damage, our antecedently announced people of reaching 12.5 [exahashes per second] successful full hash complaint capableness successful Q1 2023 is expected to beryllium delayed.”
Les said that the damages initially lowered the facility’s hash complaint capableness by 2.5 EH/s, with the institution aboriginal capable to reconstruct 0.6 EH/s pursuing repairs. According to Riot, determination were 82,656 rigs moving with a hash complaint capableness of 9.3 EH/s arsenic of Jan. 31, erstwhile the institution reported producing 740 Bitcoin (BTC) — worthy astir $17 cardinal astatine the clip of publication.
Though galore parts of the United States experienced terrible somesthesia drops successful December amid vacation travel, large cities successful Texas including Dallas and Austin besides went done a large crystal tempest successful aboriginal February. Thousands of residents were without powerfulness and galore histrion branches and limbs broke from the value of accumulated ice, damaging powerfulness lines and cars, and blocking roads.
How atrocious is it? Massive trees are snapping owed to the icy conditions.
As of Thursday morning, 150k+ Austin Energy customers stay without power.
Austin Energy volition clasp a property league astatine 9 am. We’ll beryllium streaming it unrecorded connected @cbsaustin
It’s unclear whether Riot miners were likewise affected by the storm. However, the institution did not study curtailing operations owed to request connected Texas’ vigor grid during the caller freeze.
Riot besides reported selling 700 BTC for astir $13.7 cardinal successful January, with the institution holding 6,978 BTC arsenic of Jan. 31. The mining steadfast reported selling coins pursuing utmost heat successful the Lone Star State successful July 2022.
In July 2022, Riot said it planned to move galore of its mining rigs from a New York installation to Texas successful an effort to trim the firm’s operating expenses. Shares of Riot banal closed down 2.3% astatine $6.68 connected the Nasdaq.
Cointelegraph reached retired to Riot Platforms, but did not person a effect astatine the clip of publication.
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