Riot Platforms Reports Strong Bitcoin Production and Expansion Plans

According to PANews, Riot Platforms demonstrated robust performance in May, producing 514 bitcoins, marking an 11% increase from April and a 139% rise year-over-year. The company sold nearly all of its production, generating $51.3 million in revenue. Riot Platforms also enhanced its total computing power to 35.4 EH/s, reflecting a 142% increase compared to the previous year, while improving operational efficiency and reducing energy consumption of its mining equipment. In addition to its mining achievements, Riot Platforms is actively expanding into the fields of artificial intelligence and high-performance computing. In May, the company acquired 355 acres of land near the Corsicana mining site to develop a large-scale data center aimed at serving enterprise and hyperscale clients.