The cryptocurrency mining company Riot Platforms, previously known as Riot Blockchain, has announced that 17,040 rigs that were installed at its facilities in Texas have been rendered inoperable as a result of the “extreme winter weather” that has been experienced in Texas.

Riot said in a press release dated February 6 that two of the buildings of its Whinstone plant located in Rockdale, Texas, were damaged in December as a result of the sub zero conditions that the state endured for many days. From the 22nd through the 25th of December, temperatures plummeted below freezing in numerous areas of Texas as well as the rest of the United States.

According to Les, the damages caused an initial decrease in the facility’s hash rate capacity of 2.5 EH/s. However, when repairs were made, the business was able to return 0.6 EH/s to the facility. As of the 31st of January, when Riot claimed to have created 740 bitcoins (BTC, the business said that there were 82,656 rigs operating with a hash rate capacity of 9.3 EH/s. This amount was equivalent to around $17 million at the time of publication.

Even though significant temperature reductions occurred in many regions of the United States in December due to increased travel over the holiday season, major towns in Texas such as Dallas and Austin were hit by a significant ice storm in early February. As a result of the weight of the accumulated ice, numerous tree branches and limbs collapsed, which caused damage to power lines, automobiles, and roadways, leaving thousands of inhabitants without access to electricity. It is unknown if miners at Riot were impacted in a similar manner by the storm.

Despite this, the firm did not disclose any reductions in operations as a result of the strain that the recent freeze placed on the electricity system in Texas. Additionally, throughout the month of January, Riot reported selling 700 BTC for around $13.7 million. As of the 31st of January, the business had a total of 6,978 BTC. After the record-breaking heat wave that swept over the Lone Star State in July of 2017, the mining company reported selling coins.

During the same month, Riot said that it intended to relocate a significant number of its mining rigs from a location in New York to one in Texas in an attempt to lower the company’s operational expenditures. Riot stock ended trading on the Nasdaq the same day it was released at $6.68, down 2.3%.

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