Bitcoin

In July 2023, Riot Platforms, Inc., a leading Bitcoin mining company, <a href="https://www.youtube.com/watch?v=9eY992pDv7I" rel="noopener noreferrer nofollow">achieved</a> significant milestones in its operations. The company mined 410 Bitcoin, averaging 13.2 Bitcoin per day. Additionally, Riot sold 400 Bitcoin and currently holds 7,275 Bitcoin. 
The company's mining operations are robust, with 95,904 miners deployed and a hash rate of 10.7 exahash per second. Impressively, Riot's power strategy generated $6.4 million in power credits and $1.8 million in demand response credits. 
During a surge in electricity demand in Texas, Riot temporarily cut over 90% of its power usage. Consequently, this helped in decreasing the total power demand, ensuring uninterrupted service for consumers. The company's actions meant temporarily foregoing revenue from Bitcoin mining operations but significantly aided the community. 
Furthermore, Riot announced the arrival of replacement dry coolers for repairing Building G. Once the repairs are completed, miners will ramp back up, and the hash rate is expected to begin coming back online in September. 
Riot's CEO, Jason Les, expressed satisfaction with the company's performance amidst challenging operating months. He also highlighted the company's real-time strategy to maximize value in rapidly changing power market and Bitcoin mining conditions. 
In addition to its mining achievements, Riot has launched a new podcast called "Block Times," hosted by Pierre Richard, featuring exclusive interviews with industry leaders. 
Riot Platforms continues to be a trailblazer in the Bitcoin-driven infrastructure platform, positively impacting the sectors, networks, and communities it touches. The company's innovative spirit and strong community partnership have positioned it as a world leader in Bitcoin mining and digital infrastructure. 
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Riot Platforms Achieves Milestones in Bitcoin Mining and Power Strategy

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