Key Takeaways:
- Riot Platforms increased its hash rate by 50% in June, reaching 22 EH/s, surpassing CleanSpark and Core Scientific.
- Riot mined 255 Bitcoin in June, a near-20% increase from May, now holding 9,334 BTC valued at $561.6 million.
- The company aims to expand its hash rate capacity to 31.5 EH/s by 2024 and target 100 EH/s by 2027, while earning $6.2 million in power credits in June.
In June, Bitcoin mining firm Riot Platforms increased its hash rate by 50%, reaching 22 exahashes per second (EH/s), surpassing CleanSpark and Core Scientific, and now only trailing Marathon Digital’s 31.5 EH/s.
This growth was due to completing miner installations at its Corsicana and Rockdale facilities.
Riot deployed 7.3 EH/s in June, achieving a 50% increase in hash rate within just one month! 🔌⚡️With 22 EH/s now operational, Team $Riot remains focused on reaching its year-end target of 31.5 EH/s.
— Riot Platforms, Inc. (@RiotPlatforms) July 3, 2024
Stay tuned for more updates: https://t.co/TUpSo7HpLY https://t.co/5u0jels0lI pic.twitter.com/6VOBOib16X
Riot mined 255 Bitcoin in June, a near-20% increase from May, despite a 45% year-on-year decrease in value due to the April halving event.
Riot now holds 9,334 BTC, valued at $561.6 million.
The company aims to expand its hash rate capacity to 31.5 EH/s by the end of 2024 and target 100 EH/s by 2027.
Riot also earned $6.2 million in power credits in June.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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