Riot Blockchain, a Nasdaq-listed company, submitted a report to the SEC: The epidemic has affected the crypto mining business

According to CoinDesk, Riot Blockchain, a Nasdaq-listed company, submitted its annual report to the U.S. Securities and Exchange Commission (SEC). Two new subsections were added to the "General Risks" section of the report to discuss the impact of the new coronavirus (COVID-19), and it revealed concerns that the epidemic would affect its crypto mining business.
The company's workers are now in self-isolation, while its supply chain has been paralyzed by border restrictions and factory closures, the report said. Riot acknowledged that if the global coronavirus pandemic is not quickly contained, it could have a significant adverse impact on its business.
It is understood that Riot is expanding its mining business in Oklahoma City. On February 11 this year, Riot purchased 1,060 Antminer S17 Pro devices from Bitmain. Prior to this, the company deployed 3,000 AntmMiner mining machines of the same model in January. Riot hopes to increase the company's overall Bitcoin computing power by 240% through the addition of new mining machines.
Source link: https://www.coindesk.com/riot-blockchain-says-coronavirus-outbreak-might-hurt-crypto-mining-farms