Riot Platforms, Inc.’s Post

Riot Produces 412 #Bitcoin in September 2024 and Achieves Q3 Hash Rate Target, with 28.2 EH/s Deployed. “Riot mined 412 Bitcoin in September, a 28% increase over August production,” said Jason Les, CEO of Riot. “This increase in production was driven by an increase in average operating hash rate across all our facilities and was achieved despite periodic curtailment that took place through our participation in the final month of ERCOT's Four Coincident Peak (4CP) program for 2024, whereby we paused mining operations during periods of high demand on the grid.” 🔗 Read the full press release for more details: https://lnkd.in/g3iSMjea

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

Riot Platforms operates the largest Bitcoin mining facility in North America, with 700 MW of capacity. Through our flexible load management, we actively reduce energy use during peak demand, helping to stabilize the grid, playing a strategic role in Texas' energy market. For more insights on how Bitcoin miners are contributing to the future of Texas power, check out the latest from Jess Donald and Spencer Grubbs at the Texas Comptroller: https://lnkd.in/gqJk5TEV.

Building on the momentum—and the blocks! Teams are hard at work on Building B2, the fourth 100 MW building, set to boost hash rate growth and operational efficiency at Riot's Corsicana Facility. ⚡️

"Bitcoin is like a digital oil well, poised to fuel the economic revival of rural Texas — if we allow it to grow," said Rockdale Mayor Ward Roddam in an op-ed via Austin American-Statesman. At Riot, we’re proud to lead the revitalization of the communities in which we operate, fostering growth and innovation that empower local economies. Read the full op-ed Bitcoin mining revived my rural community here: https://lnkd.in/grev658x

BlockTime Episode 45: Mining, Market Dynamics, & Energy Efficiency. Join Pierre R. for a deep dive into how #Bitcoin provides a transparent alternative to central banking, addressing trust issues with personal responsibility through private keys and hardware wallets. We’ll also explore Bitcoin’s strong commitment to security and stability in software development, setting it apart from other cryptocurrencies. 🔑⚡ Watch Now: https://lnkd.in/gKqBMGja