Benzinga | Jul 8, 2021 04:45PM EDT

Riot Blockchain Says In June 2021 Produced 243 Bitcoin Vs 48 YoY

* In June 2021, Riot produced 243 BTC, an increase of approximately 406% over its June 2020 production of 48 BTC.

* Year to date through June 2021, the Company produced a total of 1,167 BTC, an increase of approximately 130% over its pre-halving BTC production during the same 2020 period of 508 BTC.

* As of June 30, 2021, Riot held approximately 2,243 BTC, all of which were produced by its mining operations. The exodus of Bitcoin mining from China has resulted in a downward difficulty adjustment and lower global network hash rate. As such, Riot is currently mining more Bitcoin per day than at any time in the Company's history. While it is broadly expected that many Chinese miners will eventually relocate, the Company estimates that it could be quite some time before the global Bitcoin mining hash rate returns to its previous high of 180 exahash per second ("EH/s"), last observed earlier this year.