Stabilize

Bitcoin

&nbsp;<a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/" rel="noopener noreferrer nofollow">Riot</a> Platforms <a href="https://www.riotplatforms.com/news-media/press-releases/detail/157/riot-announces-july-2023-production-and-operations-updates" rel="noopener noreferrer nofollow">mined</a> 410 Bitcoin in July 2023. Although down 11% from June, it marked a 29% increase year-over-year. Meanwhile, net proceeds from Bitcoin sales rose to $12.1 million. 
The <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">Texas</a> heatwave tested <a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/" rel="noopener noreferrer nofollow">Riot</a>'s resilience. In response, the company curtailed more than 90% of its power usage on peak demand dates. As a result, <a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/" rel="noopener noreferrer nofollow">Riot</a> contributed to reducing overall power demand, ensuring no interruptions for consumers. 
Additionally, repairs to Building G are advancing, with <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/" rel="noopener noreferrer nofollow">hash rate</a> expected to return to full capacity over the coming months. This means <a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/" rel="noopener noreferrer nofollow">Riot</a>'s self-mining <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/" rel="noopener noreferrer nofollow">hash rate</a> capacity will reach 12.5 EH/s in the second half of 2023. 
In conclusion, <a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/" rel="noopener noreferrer nofollow">Riot</a>'s strategy helped both its Bitcoin mining and the <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">Texas</a> energy grid. Its contribution to stabilizing the energy grid emphasizes the role of mining companies in supporting community infrastructure. 
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Riot Battles Texas Heat to Produce 410 BTC and Stabilize Energy Grid

Ultramining_Eng

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