August 2022 and Recent Highlights
- Operating mining fleet consists of approximately 34,000 active miners, producing approximately 3.2 EH/s, after approximately 25,000 miners (c. 2.5 EH/s) are successfully energized in August
- Approximately 65,000 additional miners (c. 6.9 EH/s) are expected to be energized over the next 90 days
- Produced 184 bitcoin in August 2022; year-to-date through August 31, 2022, produced 2,222 bitcoin, a 26% increase over the same time period in the prior year
- Benefitted from a downward market price adjustment for the S19 XPs set to ship in September; benefits from price adjustments expected to continue as additional XPs are shipped in the October – December timeframe
- Total bitcoin holdings increased to 10,311 BTC with a fair market value of $206.7 million as of August 31, 2022
- Unrestricted bitcoin holdings were approximately 6,483 BTC with a fair market value of approximately $130.0 million
- Unrestricted cash on hand was approximately $71.4 million at August 31, 2022
- Previously announced exit from Hardin, MT facility along with the resales and/or redeployments of Hardin miners are expected to be completed by the end of September
