Summary:
516 Bitcoin produced in December 2024, a 4% increase from November.
17,722 Bitcoin held by Riot, a 55% increase from the previous month.
Riot's deployed hash rate increased by 155% in 2024.
Total 4,828 Bitcoin mined during the year at an all-in power cost of 3.4c/kWh.
Upcoming investor events include the Needham Growth Conference on January 17.
Riot Produces 516 Bitcoin in December 2024
Riot Platforms, Inc. (NASDAQ: RIOT), a leader in vertically integrated Bitcoin mining, has announced its unaudited production and operations updates for December 2024.
Bitcoin Production and Operations Highlights
- Bitcoin Produced: 516 (4% increase from November 2024)
- Average Bitcoin Produced per Day: 16.6
- Bitcoin Held: 17,722 (55% increase from November 2024)
- Bitcoin Sold: None
- Total Power Credits: $1.0 million
- All-in Power Cost: 3.8c/kWh
CEO Jason Les stated, "Riot mined 516 bitcoin in December, a 4% increase over the previous month, as we continue increasing operational hash rate." The company has completed the installation of its systems at the Corsicana Facility, marking the end of the first 400 MW development phase.
In 2024, Riot increased its deployed hash rate by 155%, outpacing the network hash rate growth of 52%. The company mined a total of 4,828 bitcoin during the year at a competitive power cost of 3.4c/kWh.
Estimated Hash Rate Growth
Upcoming Investor Events
- Needham 27th Annual Growth Conference: January 17th
- Nashville Energy and Mining Summit 2024: January 30th – 31st
Human Resources Update
Riot is actively recruiting for various positions as part of its commitment to expanding and securing the Bitcoin network.
About Riot Platforms, Inc.
Riot is focused on a vertically integrated strategy with Bitcoin mining operations in Texas and Kentucky. For more information, visit www.riotplatforms.com.
Safe Harbor
Statements in this release that are not historical facts are forward-looking and involve risks and uncertainties. Actual results may differ from those expressed or implied.
Investor Contact: Phil McPherson, 303-794-2000 ext. 110, IR@Riot.Inc
Media Contact: Alexis Brock, 303-794-2000 ext. 118, PR@Riot.Inc
Comments