Riot Platforms, Inc.

Riot Produces 505 Bitcoin in October 2024 and Increases Hash Rate Deployed to 29.4 EH/s. “In October, Riot achieved a new post-halving milestone in production, with 505 Bitcoin mined in the month,” said Jason Les, CEO of Riot. “This 23% increase in production from September is a reflection of both the ongoing growth in our deployed hash rate and of the efforts to improve our operational efficiency. During the month of October, our deployed hash rate increased to 29.4 EH/s, driven by new deployments of latest generation MicroBT miners at the Corsicana Facility. We are pleased with the positive operational momentum underway and look forward to continuing this progress.”  Read the full press release for more details: https://lnkd.in/gTxVdfCr.

Riot Platforms' Third Quarter 2024 Highlights: - Deployed Hash Rate: 28 EH/s - Bitcoin Mined: 1,104 BTC - Average cost to mine Bitcoin: $35,376/BTC - Average All-In Cost of Power: 3.1 cents/kWh For additional insights, view Riot’s full Q3 2024 Presentation: https://lnkd.in/gq5aeZg4.

Happy HODLween 🎃

Riot Platforms Reports Third Quarter 2024 Financial Results, Current Operational and Financial Highlights. $84.8 million in Total Revenue and Deployed Hash Rate of 28 EH/s. “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’." For more information, please visit: https://lnkd.in/gNpvqt3F

Reminder: Riot’s Q3 2024 earnings conference call is tomorrow, Wednesday, October 30, 2024, at 4:30 PM EST! 🖥 For the audio-only webcast, register here: https://lnkd.in/g7j8yFsN 📞 To dial in from the U.S. or internationally, register here: https://lnkd.in/gWwW4iUV

Texas leads the U.S. in wind energy production, but it faces grid challenges due to fluctuations in supply and demand. Bitcoin miners play a crucial role in stabilizing the grid by acting as flexible power resources. They can adjust their energy usage in real-time, reducing consumption during peak demand periods and helping to balance supply when renewable sources fluctuate.⏱️📉 #BitcoinForTexas🇨🇱 #PoweringTexas #PoweringBitcoin #EnergyInnovation #BitcoinIsCleanEnergy

POV: Your vision is to build the world’s largest #Bitcoin mining facility.

Riot announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30, 2024, at 4:30 P.M. EST. During the call, Riot will discuss the results for the quarter ended September 30, 2024. 🖥 This conference call will be available through the audio-only webcast, please use this link here to register: https://lnkd.in/g7j8yFsN 📞 Participants who choose to dial into the call in the United States or internationally, please use this link here: https://lnkd.in/gWwW4iUV For more information, please visit: https://lnkd.in/gjiZ-DPw 

In September, Riot completed the third 100 MW building (B1) at its Corsicana Facility. The development of the final 100 MW building (B2) is progressing and is set to be fully operational next month. Additionally, Riot achieved its Q3 hash rate target, deploying 28.2 EH/s. 🎯 The Company also continued its participation in ERCOT's Four Coincident Peak (4CP) Program, strategically curtailing operations during peak demand periods to contribute to grid stability. ⚡ Watch the Riot Report: https://lnkd.in/gnVmUsah

Engage with industry experts at AIM Summit Dubai as we delve into discussions on 'Strategic Growth Planning: Leveraging Infrastructure, M&A and Capital Allocation'. Speakers Taras K. - Co-Founder & CEO, Synteq Digital Benjamin Yi - Executive Chairman, Riot Platforms, Inc. Fred Thiel - Chairman & CEO, MARA Adam Sullivan - Chief Executive Officer, Core Scientific Gary A. Vecchiarelli, CPA - Chief Financial Officer, CleanSpark Moderator Zachary Cefaratti - Founder, Dalma Capital, AIM Summit, Venture Partner, Draper Associates Apply to attend: https://lnkd.in/dfkgHJKf For event information contact, info@aimsummit.com #aimsummitdubai #alternativeinvestments #Synteq #CoreScientific #MARA #CleanSpark #DalmaCapital #RiotPlatforms