Riot Produces 505 Bitcoin in October 2024 and Increases Hash Rate Deployed to 29.4 EH/s

CASTLE ROCK, Colo., Nov. 4, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announces unaudited production and operations updates for October 2024.  

Bitcoin Production and Operations Updates for October 2024

Comparison (%)

Metric

October 20241

September 20241

October 2023

Month/Month

Year/Year

Bitcoin Produced

505

412

458

23 %

10 %

Average Bitcoin Produced per Day

16.8

13.7

14.8

23 %

14 %

Bitcoin Held2

10,928

10,427

7,345

5 %

49 %

Bitcoin Sold

-

-

440

N/A 

N/A 

Bitcoin Sales - Net Proceeds

-

-

$12.5 million 

N/A 

N/A 

Average Net Price per Bitcoin Sold

N/A 

N/A 

$28,408

N/A 

N/A 

     Deployed Hash Rate - Rockdale2

15.0 EH/s 

15.0 EH/s 

11.7 EH/s 

0 %

28 %

     Deployed Hash Rate - Corsicana2

13.0 EH/s 

11.9 EH/s 

-

10 %

N/A 

     Deployed Hash Rate - Kentucky2,3

1.4 EH/s 

1.3 EH/s 

N/A 

11 %

N/A 

 Deployed Hash Rate - Total2

29.4 EH/s 

28.2 EH/s 

11.7 EH/s 

5 %

152 %

     Avg. Operating Hash Rate - Rockdale4

10.5 EH/s 

9.7 EH/s 

6.8 EH/s 

9 %

55 %

     Avg. Operating Hash Rate - Corsicana4

11.0 EH/s 

8.6 EH/s 

-

27 %

N/A 

     Avg. Operating Hash Rate - Kentucky3,4

1.2 EH/s 

1.2 EH/s 

N/A 

4 %

N/A 

 Avg. Operating Hash Rate - Total4

22.7 EH/s 

19.5 EH/s 

6.8 EH/s 

16 %

234 %

     Power Credits5

$0.3 million 

$1.9 million 

$1.0 million 

-85 %

-71 %

     Demand Response Credits6

$0.7 million 

$0.3 million 

$1.8 million 

111 %

-62 %

 Total Power Credits

$1.0 million 

$2.2 million 

$2.8 million 

-56 %

-65 %

     All-in Power Cost - Rockdale7

4.0c/kWh 

3.5c/kWh 

3.3c/kWh 

16 %

21 %

     All-in Power Cost - Corsicana7

3.6c/kWh 

3.5c/kWh 

N/A 

3 %

N/A 

     All-in Power Cost - Kentucky7,8

4.1c/kWh 

4.0c/kWh 

N/A 

2 %

N/A 

 All-in Power Cost - Total7

3.9c/kWh 

3.5c/kWh 

3.3c/kWh 

10 %

16 %

Riot Reports $84.8 million in Total Revenue and Deployed Hash Rate of 28 EH/s

CASTLE ROCK, Colo., Oct. 30, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, reported financial results for the three-month period ended September 30, 2024. The accompanying presentation materials are available on Riot's website.

"I'm pleased to announce Riot's results for the third quarter 2024, the first full quarter past the Bitcoin 'halving' event, during which Riot continued to achieve significant growth while maintaining industry-leading low power costs," said Jason Les, CEO of Riot. "Riot recorded $84.8 million in revenue this quarter, representing a 65% increase over the same quarter in 2023, driven by a 159% year-over-year increase in deployed hash rate to 28 EH/s at the end of the quarter. This significant increase in deployed hash rate allowed us to produce 1,104 Bitcoin this quarter, in-line with our Bitcoin production in the third quarter of 2023, despite the 'halving'.

Riot Produces 412 Bitcoin in September 2024 and Achieves Q3 Hash Rate Target, with 28.2 EH/s Deployed

CASTLE ROCK, Colo., Oct. 3, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announces unaudited production and operations updates for September 2024.  

Bitcoin Production and Operations Updates for September 2024 

Comparison (%)

Metric

September 20241

August 20241

September 2023

Month/Month

Year/Year

Bitcoin Produced

412

322

362

28 %

14 %

Average Bitcoin Produced per Day

13.7

10.4

12.1

32 %

14 %

Bitcoin Held 2

10,427

10,019

7,327

4 %

42 %

Bitcoin Sold

-

-

340

N/A

N/A

Bitcoin Sales - Net Proceeds

-

-

$9.0 million

N/A

N/A

Average Net Price per Bitcoin Sold

N/A

N/A

$26,379

N/A

N/A

Deployed Hash Rate - Rockdale 2

15.0 EH/s

14.7 EH/s

10.9 EH/s

2 %

38 %

Deployed Hash Rate - Corsicana 2

11.9 EH/s

7.6 EH/s

-

57 %

N/A

Deployed Hash Rate - Kentucky 2,3

1.3 EH/s

1.2 EH/s

N/A

5 %

N/A

Deployed Hash Rate - Total 2

28.2 EH/s

23.5 EH/s

10.9 EH/s

20 %

159 %

Avg. Operating Hash Rate - Rockdale 4

9.7 EH/s

8.2 EH/s

5.2 EH/s

18 %

88 %

Avg. Operating Hash Rate - Corsicana 4

8.6 EH/s

5.2 EH/s

-

66 %

N/A

Avg. Operating Hash Rate - Kentucky 3,4

1.2 EH/s

1.0 EH/s

N/A

14 %

N/A

Avg. Operating Hash Rate - Total 4

19.5 EH/s

14.5 EH/s

5.2 EH/s

35 %

279 %

Power Credits 5

$1.9 million

$5.7 million

$11.0 million

-67 %

-83 %

Demand Response Credits 6

$0.3 million

$0.7 million

$2.5 million

-56 %

-87 %

Total Power Credits

$2.2 million

$6.4 million

$13.4 million

-66 %

-84 %

All-in Power Cost - Rockdale 7

3.5c/kWh

2.0c/kWh

 (0.5)c/kWh

72 %

N/M

All-in Power Cost - Corsicana 7

3.5c/kWh

3.9c/kWh

N/A

-12 %

N/A

All-in Power Cost - Kentucky 7,8

4.0c/kWh

3.7c/kWh

N/A

8 %

N/A

All-in Power Cost - Total 7

3.5c/kWh

2.6c/kWh

 (0.5)c/kWh

35 %

N/M

Riot Produces 322 Bitcoin in August 2024 and Exceeds 10,000 Bitcoin Held

CASTLE ROCK, Colo., Sept. 5, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announces unaudited production and operations updates for August 2024.

Bitcoin Production and Operations Updates for August 2024 

 

Comparison (%)

Metric

August 2024 1

July 2024 1

August 2023

Month/Month

Year/Year

Bitcoin Produced

322

370

333

-13 %

-3 %

Average Bitcoin Produced per Day

10.4

11.9

10.8

-13 %

-3 %

Bitcoin Held 2

10,019

9,704

7,309

3 %

37 %

Bitcoin Sold

-

-

300

N/A

N/A

Bitcoin Sales - Net Proceeds

-

-

$8.6 million

N/A

N/A

Average Net Price per Bitcoin Sold

N/A

N/A

$28,617

N/A

N/A

   Deployed Hash Rate - Rockdale 2

14.7 EH/s

14.7 EH/s

   10.3 EH/s 2

0 %

42 %

   Deployed Hash Rate - Corsicana 2

7.6 EH/s

7.6 EH/s

-

0 %

N/A

   Deployed Hash Rate - Kentucky 2,3

1.2 EH/s

1.0 EH/s

N/A

20 %

N/A

Deployed Hash Rate - Total 2

23.5 EH/s

23.2 EH/s

10.3 EH/s

1 %

128 %

   Avg. Operating Hash Rate - Rockdale 4

8.2 EH/s

9.6 EH/s

4.5 EH/s

-14 %

84 %

   Avg. Operating Hash Rate - Corsicana 4

5.2 EH/s

5.7 EH/s

-

-9 %

N/A

   Avg. Operating Hash Rate - Kentucky 3,4

1.0 EH/s

    0.9 EH/s 5

N/A

16 %

N/A

Avg. Operating Hash Rate - Total 4

14.5 EH/s

15.5 EH/s

4.5 EH/s

-7 %

224 %

   Power Credits 6

$5.7 million

 $3.2 million

$23.3 million

79 %

-76 %

   Demand Response Credits 7

$0.7 million

$0.2 million

$5.2 million

261 %

-86 %

Total Power Credits

$6.4 million

$3.4 million

$28.5 million

90 %

-78 %

   All-in Power Cost - Rockdale 8

2.0c/kWh

3.0c/kWh

 (15.8)c/kWh

-17 %

N/M

   All-in Power Cost - Corsicana 8

3.9c/kWh

3.9c/kWh

N/A

1 %

N/A

   All-in Power Cost - Kentucky 8,9

3.7c/kWh

3.6c/kWh 10

N/A

4 %

N/A

All-in Power Cost - Total 8

2.6c/kWh

3.2c/kWh

 (15.8)c/kWh

-14 %

N/M

Unaudited, estimated. As of month-end.Includes self-mining capacity hosted outside of Kentucky.Average over the month.Average from July 24 to 31, where Riot held 100% ownership of Kentucky assets.Estimated power curtailment credits.Estimated credits received from participation in ERCOT and MISO demand response programs.Estimated. Inclusive of all transmission and distribution charges, fees, adders, and taxes. Net of Total Power Credits.All-in power cost for Kentucky assets.All-in power cost from July 24 to 31, for Kentucky assets. 

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CRM, AI, RIOT, SAIC, and TRUP.

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