{"id":136873,"date":"2024-09-06T19:30:09","date_gmt":"2024-09-06T16:30:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136873"},"modified":"2024-09-06T15:16:47","modified_gmt":"2024-09-06T12:16:47","slug":"riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/","title":{"rendered":"Riot Platforms Boosts Bitcoin Holdings but Faces Production Drop"},"content":{"rendered":"<p>Yet, the company\u2019s <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> output decreased by 13% in August compared to July, and by 3% year-on-year.<\/p>\n<p>The reduction in production is linked to rising energy costs and the effects of Bitcoin\u2019s recent halving, which cut mining rewards. To counteract these issues, Riot is shifting focus to data centers, although these operations are costlier than traditional mining.<\/p>\n<p>In August, Riot <strong><a href=\"https:\/\/www.riotplatforms.com\/riot-announces-august-2024-production-and-operations-updates\/\" target=\"_blank\" rel=\"nofollow\">produced<\/a><\/strong> 322 Bitcoins, down from 370 in July and 333 a year ago. Unlike the previous August, no Bitcoins were sold this time. The company managed to reduce energy costs through power credits gained during peak demand periods in Texas.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/u-s-bitcoin-etfs-continue-outflows-losing-211-million\/\" title=\"U.S. Bitcoin ETFs Continue Outflows, Losing $211 Million\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/etf-bitcoin-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">U.S. Bitcoin ETFs Continue Outflows, Losing $211 Million<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Riot\u2019s average hashrate dropped to 14.5 EH\/s in August, down 7% from July but up significantly from last year. The company is expanding its Kentucky facilities, aiming for a hashrate of 28 EH\/s by the end of Q3 and 36 EH\/s by the end of the year.<\/p>\n<p>Riot Platforms, holding a nearly 20% stake in Bitfarms, is advocating for board changes at Bitfarms during an upcoming shareholder meeting. This follows Bitfarms\u2019 acquisition of Stronghold Digital Mining for $125 million. Bitfarms has rejected Riot\u2019s proposed changes, arguing that they are motivated by Riot\u2019s own interests rather than genuine governance improvements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riot Platforms has increased its Bitcoin reserves to more than 10,000 coins, marking a 37% rise from last year.<\/p>\n","protected":false},"author":3,"featured_media":37844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,22],"tags":[],"class_list":["post-136873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Riot Platforms Boosts Bitcoin Holdings but Faces Production Drop<\/title>\n<meta name=\"description\" content=\"Riot Platforms has increased its Bitcoin reserves to more than 10,000 coins, marking a 37% rise from last year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Riot Platforms Boosts Bitcoin Holdings but Faces Production Drop\" \/>\n<meta property=\"og:description\" content=\"Riot Platforms has increased its Bitcoin reserves to more than 10,000 coins, marking a 37% rise from last year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-06T16:30:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/riot-covid-1024x661.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"661\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/\"},\"author\":{\"name\":\"Alexander Stefanov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"headline\":\"Riot Platforms Boosts Bitcoin Holdings but Faces Production Drop\",\"datePublished\":\"2024-09-06T16:30:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/\"},\"wordCount\":207,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/riot-covid.jpg\",\"articleSection\":[\"Bitcoin\",\"Others\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptodnes.bg\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/\",\"name\":\"Riot Platforms Boosts Bitcoin Holdings but Faces Production Drop\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/riot-covid.jpg\",\"datePublished\":\"2024-09-06T16:30:09+00:00\",\"description\":\"Riot Platforms has increased its Bitcoin reserves to more than 10,000 coins, marking a 37% rise from last year.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/riot-covid.jpg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/riot-covid.jpg\",\"width\":1420,\"height\":916},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptodnes.bg\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Riot Platforms Boosts Bitcoin Holdings but Faces Production Drop\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"CryptoDnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\",\"name\":\"CryptoDnes EN\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"caption\":\"CryptoDnes EN\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\",\"name\":\"Alexander Stefanov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/img-14e616677-d70d-4267-b0f4-a7b978fc81a3-150x150.webp\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/img-14e616677-d70d-4267-b0f4-a7b978fc81a3-150x150.webp\",\"caption\":\"Alexander Stefanov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Riot Platforms Boosts Bitcoin Holdings but Faces Production Drop","description":"Riot Platforms has increased its Bitcoin reserves to more than 10,000 coins, marking a 37% rise from last year.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/","og_locale":"en_US","og_type":"article","og_title":"Riot Platforms Boosts Bitcoin Holdings but Faces Production Drop","og_description":"Riot Platforms has increased its Bitcoin reserves to more than 10,000 coins, marking a 37% rise from last year.","og_url":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/","og_site_name":"CryptoDnes EN","article_published_time":"2024-09-06T16:30:09+00:00","og_image":[{"width":1024,"height":661,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/riot-covid-1024x661.jpg","type":"image\/jpeg"}],"author":"Alexander Stefanov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Stefanov","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#article","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/"},"author":{"name":"Alexander Stefanov","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5"},"headline":"Riot Platforms Boosts Bitcoin Holdings but Faces Production Drop","datePublished":"2024-09-06T16:30:09+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/"},"wordCount":207,"commentCount":0,"publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/riot-covid.jpg","articleSection":["Bitcoin","Others"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/cryptodnes.bg\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/","url":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/","name":"Riot Platforms Boosts Bitcoin Holdings but Faces Production Drop","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/riot-covid.jpg","datePublished":"2024-09-06T16:30:09+00:00","description":"Riot Platforms has increased its Bitcoin reserves to more than 10,000 coins, marking a 37% rise from last year.","breadcrumb":{"@id":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/riot-covid.jpg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/riot-covid.jpg","width":1420,"height":916},{"@type":"BreadcrumbList","@id":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-holdings-but-faces-production-drop\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptodnes.bg\/en\/"},{"@type":"ListItem","position":2,"name":"Riot Platforms Boosts Bitcoin Holdings but Faces Production Drop"}]},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"CryptoDnes EN","description":"Crypto News, Bitcoin Analysis and More","publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptodnes.bg\/en\/#organization","name":"CryptoDnes EN","url":"https:\/\/cryptodnes.bg\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","caption":"CryptoDnes EN"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5","name":"Alexander Stefanov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/img-14e616677-d70d-4267-b0f4-a7b978fc81a3-150x150.webp","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/img-14e616677-d70d-4267-b0f4-a7b978fc81a3-150x150.webp","caption":"Alexander Stefanov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/"}]}},"modified_by":"Deyan Angelov","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/136873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=136873"}],"version-history":[{"count":1,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/136873\/revisions"}],"predecessor-version":[{"id":136874,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/136873\/revisions\/136874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/37844"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=136873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=136873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=136873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}