{"id":146195,"date":"2025-01-07T18:00:26","date_gmt":"2025-01-07T16:00:26","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146195"},"modified":"2025-01-07T14:33:13","modified_gmt":"2025-01-07T12:33:13","slug":"riot-platforms-boosts-bitcoin-mining-output-as-industry-expansion-accelerates","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/riot-platforms-boosts-bitcoin-mining-output-as-industry-expansion-accelerates\/","title":{"rendered":"Riot Platforms Boosts Bitcoin Mining Output as Industry Expansion Accelerates"},"content":{"rendered":"

The company attributed this growth to the expansion of its operational hash rate and the completion of the first 400 MW phase at its Corsicana facility. CEO Jason Les confirmed that while the systems are fully installed, a phased commissioning approach is being used to ensure grid stability and align with Riot\u2019s sustainability goals.<\/p>\n

Throughout 2024, Riot saw a 155% increase in its deployed hash rate compared to the prior year, far outpacing the 52% growth in the overall network hash rate. This efficiency allowed Riot to mine 4,828 BTC for the year at an average net power cost of $0.034 per kWh.<\/p>\n

The company also utilized power curtailment credits and demand response programs to reduce energy expenses and support grid stability. By year\u2019s end, Riot held 17,722 BTC\u2014141% more than it had in December 2023\u2014contributing to a 39% rise in Bitcoin<\/a><\/strong> yield per share, which Riot views as a key measure of shareholder value.<\/p>\n