Riot Blockchain’s hashing capacity grew 460% in 2020: Report By Cointelegraph

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Riot Blockchain’s hashing capacity grew 460% in 2020: Report

According to its latest annual financial report, leading U.S.-based mining firm Riot Blockchain (NASDAQ:) increased its hashing capacity by 460% and more than doubled the amount of held on its balance sheet in 2020.

Riot saw a 78% growth in total mining revenues from $6.7 million to $12 million, owing to the increase in operational hash rate from 101 pentahashes per second, or PH/s, as of December 2019 to 566 PH/s as of December 31.