Lang Chai King
February 4, 2025 18:37
RIOT Platforms has increased bitcoin production by 2% in January 2025 compared to December 2024, with a total output of 527 BTC.
Riot Platforms, Inc. (NASDAQ: RIOT) reported that the production of Bitcoin was significantly increased in January 2025, a major company of vertical integrated Bitcoin (BTC) mining. According to riotplatforms.com, the company has produced 527 BTCs for a month. 2% rose from December 2024.
Overview of production and operation
Riot’s production efficiency is also emphasized as an average production of 17 BTC per day. The company’s Bitcoin Holdings increased 3% a month to 18,221 BTC by the end of January. In particular, the company did not sell Bitcoin during this period and announced its strategic possession of mining assets.
Hash fare and facility expansion
The total hash fare on the company increased to 33.5 Exhae (EH/S) per second, and increased 6% in December, 171% year -on -year. RIOT has completed the commissioning of the Corsicana facility and achieved a 15.7 EH/s deployed hash speed, which was enhanced by the deployment of new miners and high -quality immersion systems.
Strategic development
RIOT is stopping the planned Bitcoin mining expansion by evaluating the use of 600MW power capacity in Corsicana facilities for artificial intelligence and high -performance computing (AI/HPC) applications. This strategic pivot can explore the AI/HPC opportunities to reconstruct the company’s future operation.
Financial and operating indicators
The company’s power management management was positively reflected in all -in power costs of 3.5 cents per kilowatts, down 8% from December. RIOT’s operating hash ratio also showed significant improvements with the average operating hash ratio of 29.3 EH/S, up 238% from January 2024.
Future prospect
RIOT has adjusted the year -end hash fare forecast to 38.4 EH/S in the previous 46.7 EH/S, which is expected in accordance with the new strategic direction. The company continues to focus on optimizing operation and exploring new paths for growth.
For more information about the latest updates of Riot Platforms, visit the official site (riotplatforms.com).
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