Jan 5, 2023
Riot Platforms (NASDAQ: RIOT), an industry leader in Bitcoin mining and data center hosting, is reporting unaudited production and operations numbers for December 2022. Highlights of the report note that Riot produced 659 BTC during the month, a 55% increase over the 425 BTC produced in December 2021. In addition, as of Dec. 31, 2022, the company held approximately 6,952 BTC, all produced by Riot’s self-mining operations. Riot also saw net proceeds of some $10.2 million through sales of 600 BTC; in addition, as of the month end, the company had deployed fleet of 88,556 miners, with a hash rate capacity of 9.7 exahash per second (“EH/s”). “Riot achieved a number of key milestones during the month of December,” said Riot Platforms CEO Jason Les in the press release. “We successfully deployed an additional 16,128 S19-series miners, bringing our hash rate capacity to a new all-time high of 9.7 EH/s. Additionally and as previously indicated in our last monthly production update, we transitioned to a new mining pool in early December. Based on our expanded hash rate capacity and while predominantly operating in our new mining pool, Riot achieved a new record of 659 Bitcoin produced this past month. In late December, Texas and much of the country experienced severe winter weather, significantly disrupting the holiday season for many Americans. A portion of Riot’s operations at our Rockdale facility were also unfortunately impacted by the December storm, as some sections of piping in Buildings F and G, our immersion buildings, suffered damage and need replacement, impacting approximately 2.5 EH/s of our total hash rate capacity. Our team is working diligently on the necessary repairs, which we anticipate will take a number of weeks, during which time the affected hash rate will come back online incrementally. Additionally, in anticipation of the December storm, Riot voluntarily curtailed operations in order to ensure the safety of our employees and to contribute to the stability of the ERCOT grid during this critical time for Texans, and as a result, Riot generated $4.9 million in additional power credits in December, which will further lower our cost of production.”
To view the full press release, visit https://ibn.fm/5y1Vc
About Riot Platforms Inc.
On Jan. 3, 2023, Riot announced the rebranding of its corporate name from Riot Blockchain Inc. to Riot Platforms Inc., underpinning the company’s growth strategy to continue expanding its increasingly diversified business operations. Riot’s common stock continues to be listed for trading on the NASDAQ Capital Market under the ticker symbol RIOT. The company’s vision is to be the world’s leading Bitcoin-driven infrastructure platform; its mission is to positively impact the sectors, networks and communities that it touches. Riot believe that the combination of an innovative spirit and strong community partnership allows the company to achieve best-in-class execution and create successful outcomes. Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The company has Bitcoin mining data center operations in central Texas, Bitcoin mining operations in central Texas, and electrical switchgear engineering and fabrication operations in Denver. For more information about the company, visit www.RiotPlatforms.com.
About BillionDollarClub
BillionDollarClub (BDC) is the exclusive home of the biggest and brightest companies covered by IBN, a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution to millions of social media followers, and (5) a full array of corporate communications solutions. This is the place you want to be, where every covered company has a market cap in excess of $1 billion. By cutting through the overload of information in today’s market, BDC brings its clients unparalleled visibility, recognition and brand awareness. While IBN’s client list includes companies big and small, BillionDollarClub is the gold standard.
To receive SMS text alerts from BillionDollarClub, text “Billion” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.BillionDollarClub.com
Please see full terms of use and disclaimers on the BillionDollarClub website applicable to all content provided by BDC, wherever published or re-published: http://IBN.fm/Disclaimer
BillionDollarClub (BDC)
Los Angeles, California
www.BillionDollarClub.com
310.299.1717 Office
[email protected]
BillionDollarClub is part of the InvestorBrandNetwork.
Four-month event featured music, dance, Chinese opera, multi-arts programmes, films, exhibitions, lectures, artist talks and masterclasses.
The poet-turned-rapper tells Style about seeing Flo Rida perform in high school, and how All Eggs in the Basket is not just the name of her upcoming release but a mantra for life.
CNBlue hit the big time in 2010 after their song Loner became a huge hit, and 14 years on, they talk about their career and new mini album X.
The Southern California mind (me) cannot comprehend the concept of a Vermont autumn... View Entire Post ›
Plaintiffs in antitrust case over Hermès limiting ability to buy coveted bags to customers who purchase other items amend their complaint.
A Chanel ambassador since 2018, Robbie succeeds the likes of Nicole Kidman, Catherine Deneuve and Marion Cotillard as the face of the iconic fragrance.
I went on a quest to find worthwhile fall rituals. Here's what I found.
This year’s programme includes a drama ripped from Hong Kong headlines, a social satire in a near-future Japan and a modern romantic drama.
The youngest Pelosi’s 2022 documentary, Pelosi in the House, includes recordings she made of the January 2021 US Capitol attack – footage that was later used during an investigation into the riots
Talula, 22, shares a close bond with her father and recently launched her LA-based patisserie Talula’s Kitchen after studying at Le Cordon Bleu
Resourceful fashion designers make clothes and accessories using everything from wheels to seat belts, as carmakers focus on material reuse.
After marrying young, Sotomayor’s long work hours and success took a toll on her marriage; she and Noonan divorced amicably and each went on to have a highly successful career in law.
Selfie-snapping tourists have overwhelmed New England's leaf-peeping hot spots, causing dangerous traffic jams and concerns over visitor safety.
"I call it the dead dog state." View Entire Post ›
Those looking for a hidden gem unspoiled by crowds should look no further than the Pawnee Buttes, a pair of 300-foot tall rock formations in the grassy plains of northern Colorado.
STOCKHOLM, OCTOBER 14The Nobel memorial prize in economics was awarded Monday to three economists who have studied why some countries are rich and others poor and have documented t...
A sleepy mountain town in Colorado could soon be a serious rival to its more glamorous neighbor Aspen - where property prices are around 50 percent more expensive.
The property is located on the lane made famous by breadmaker Hovis's 1973 'Boy on Bike' commercial. The cobbled street is actually called Gold Hill and curves through Shaftesbury, Dorset.
Politicians from across the political spectrum are up in arms over healthcare giant Sanofi's plans to sell France's best-known medical drug Doliprane to US investors, a move critics say would lead to a "loss of sovereignty" for the country in a sensitive industry.
Airbnb's general manager for northern Europe and mother of two, Amanda Cupples, says: 'Budget is a top priority for parents, with over a third admitting it's their primary concern when planning a trip.'
After a painful breakup, the author travels to Provence for a language immersion homestay and learns the value of facing up to mistakes.
This year alone more than 360 thousand people will be diagnosed with breast cancer ... while many will die of it without being diagnosed at all. And yet if it is detected early, the 5-year relative survival rate of breast cancer stands at an incredible 99 percent. This month is Breast Cancer Awareness month and we talk to oncologist Dr. Ines Vaz Luis to discuss the progress in fighting the disease and what more can be done.
As demon Kang Bit-na, Park Shin-hye struggles to control her body and emotions in The Judge from Hell as she sends murderers’ souls to hell.
Brantley Gilbert says he just had the ‘craziest night’ of his life after his wife Amber Cochran Gilbert went into labour during his show in Mississippi – so who is his wife of 9 years?
Dubbed Haven-1, the space station is much more modern and spacious than the ISS, with queen-size beds, a state-of-the-art gym, and maple wood interiors.
Last month, the Government introduced rules to deter parents from taking their children out of school for holidays and other unauthorised absences.
Winter resorts away from the crowds that should be on your radar, from a beachside hideaway in the Bahamas to an upscale Red Sea retreat.
Mary Serritella started pole dancing at 57. Fourteen years later she's inspiring others who are decades her junior.
Gene Simmons has been accused of making inappropriate comments about the female dancers on Dancing with the Stars of late, so who is his former Playboy Bunny wife Shannon Tweed?
Artist Tanya "Nena" Melendez on making her original hairpieces.
Raheem Mostert’s wife says she’s receiving hateful and racist comments on Instagram after supporting Ron DeSantis after he was blasted by Kamala Harris last week.
Halle Berry just revealed on Dax Shepard’s Armchair Expert podcast she’s sceptical her ex-husband Eric Benét ever struggled with sex addiction while they were together.
This 1990s-set drama sees a group of women begin selling racy lingerie and adult toys door to door, shaking up their quiet rural town.
It's one of the most terrifying mythical creatures in history - a huge black dog with 'hellish' red eyes that haunts East Anglia. But does the 'Black Shuck' really exist?
Human desires, the comfort of family and friends, a sense of displacement among ideas conveyed by art on show at Shenzhen’s Mangrove Gallery.
Walking into Dujiangyan Zhongshuge is like traveling to a magical world thanks to its fascinating architectural style.
Mysterious white blobs have been washing up on beaches across Newfoundland for over a month, sparking an investigation by Canadian authorities.
Replica throne from HBO series among more than 30 lots that sold for in excess of US$100,000 at three-day auction in Dallas, Texas.
These unique formations, shaped by the ebb and flow of the tides, are a stunning sight set against the backdrop of autumn. Jiaxing City, Zhejiang Province comes alive with one of nature's most captivating artworks – the "tidal trees" of the Qiantang River.
Jeremy's restaurant, Ikoyi, on the Strand in London, is ranked the 42nd best eaterie in the world. Jeremy told MailOnline at the menu launch: 'All the flavour combinations - it's all on me.'
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.