Riot Blockchain, one of the world’s largest bitcoin (BTC) miners, was hit by a heatwave in Texas last month.
According to a statement made by Riot Blockchain today, the company is in July compared to the same period of the previous year. 318 bitcoins, down 28% produced.
The heat wave in the region played an important role in the decline in the company’s performance. Jason Les, CEO of Riot Blockchain, said in his statement on the subject:
“Electricity demand on the Texas Electricity Reliability Council last month to higher levels than ever before output. As a company, we have voluntarily reduced our electricity consumption so that more electricity can be used in Texas.”
Some cryptocurrency miners in the United States have periodically crashed over the past month due to heatwaves across the country. they stopped mining.
Riot Blockchain, as a result of the voluntarily outage, throughout the month of July. 11 thousand 717 megawatts consumes less electricity. According to Les’s statement, this amount is equivalent to one month’s consumption of 13,121 households with average electricity consumption.
The company also shipped some of the devices it gave to Coinmint to its own facility in Texas in July. For this reason, 2 thousand 146 devices were also disabled.
Riot Blockchain sold 275 bitcoins during the month of July, generating $5.6 million in revenue. In the company’s reserves 6,696 bitcoins exists.