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Rhea-AI Summary
Riot Platforms, Inc. (NASDAQ: RIOT) produced 619 Bitcoin in December 2023, bringing the total Bitcoin produced in 2023 to 6,626. The company expanded its use of Riot's unique power strategy, resulting in a 12% increase in Bitcoin production compared to the previous month. Riot also achieved a 29% increase in net proceeds from Bitcoin sales and a 18% increase in the average net price per Bitcoin sold. The company's deployed hash rate and miners saw a decrease, but Riot is strategically positioned to increase its self-mining hash rate to 28 EH/s by the end of 2024. Riot ended the year with approximately $590 million in cash on hand and 7,362 in unencumbered Bitcoin on the balance sheet, representing total liquidity of approximately $901 million as of the end of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.45%
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Rhea-AI Summary
Riot Platforms, Inc. (NASDAQ: RIOT) announces unaudited production and operations updates for November 2023. The company produced 552 Bitcoin, a 21% increase over October, with a net proceeds of $19.6 million from Bitcoin sales. Riot expanded its hash rate and deployed additional miners, projecting a total self-mining hash rate capacity of 38 EH/s by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
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Rhea-AI Summary
Riot Platforms, Inc. (NASDAQ: RIOT) has exercised a purchase option on 18 EH/s of the latest generation MicroBT Bitcoin miners, primarily consisting of the leading-edge M66S model, for $290.5 million. Riot has also secured additional purchase options providing a path to exceed 100 EH/s in self-mining capacity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.93%
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Rhea-AI Summary
Riot Reports $51.9 Million in Total Revenue, New All-Time Record Hash Rate Capacity of 10.9 EH/s, and Expanded Execution of Power Strategy. Riot Platforms, Inc. (NASDAQ: RIOT) reported a 6% increase in Bitcoin production, mining 1,106 Bitcoin in Q3 2023. The average cost to mine a Bitcoin was $5,537, with a total of $290 million in cash and 7,327 Bitcoin on hand, totaling nearly $500 million in liquidity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.14%
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Rhea-AI Summary
Riot Platforms, Inc. (NASDAQ: RIOT) announces unaudited Bitcoin production and operations updates for October 2023. The company produced 458 Bitcoin, an increase of 26% from September 2023. Hash rate increased, and miners deployed grew by 8%. Net proceeds from Bitcoin sales increased by 39% compared to the previous month. The average net price per Bitcoin sold also increased by 8%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.14%
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Rhea-AI Summary
Riot Platforms, Inc. announces Bitcoin production and operations updates for September 2023
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Rhea-AI Sentiment
End-of-Day
-0.61%
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Rhea-AI Summary
Riot Platforms clarifies power strategy, earned $7 million from ERCOT ancillary services program in August. Sold $24 million of pre-purchased energy to TXU. Actively participates in demand response programs. Employing hundreds of Texans.
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Rhea-AI Sentiment
End-of-Day
-3.78%
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Rhea-AI Summary
Riot Produces 333 Bitcoin While Realizing Expanded Benefits of Power Strategy
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Rhea-AI Sentiment
End-of-Day
2.37%
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Rhea-AI Summary
Riot Platforms, Inc. reported $76.7 million in total revenue for Q2 2023, achieving a new all-time record hash rate capacity of 10.7 EH/s. The company executed its power strategy at an unmatched scale, resulting in an average cost to mine of $8,389 per Bitcoin compared to an average Bitcoin price of $28,024. Riot also signed a long-term purchase agreement with MicroBT for 33,280 next-generation miners and an agreement with Midas Immersion to purchase 200 megawatts of immersion cooling systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.2%
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Rhea-AI Summary
Riot Platforms, Inc. announces unaudited production and operations updates for July 2023. The company produced 410 Bitcoin, generated $6.4 million in power credits, and $1.8 million in demand response credits. Replacement dry coolers for repairing Building G have begun shipping. Riot anticipates achieving a total self-mining hash rate capacity of 12.5 EH/s in the second half of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
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Riot Platforms, Inc.
Nasdaq:RIOT
RIOT Rankings
RIOT Stock Data
2.91B
232.65M
8.24%
41.3%
12.31%
In-Vitro Diagnostic Substance Manufacturing
Manufacturing
United States of America
CASTLE ROCK
About RIOT
riot blockchain is focused on building, supporting, and operating blockchain technologies. riot blockchain intends to gain exposure to the blockchain ecosystem through targeted investments in the sector, with a primary focus on the bitcoin and ethereum blockchains. the rollout of this strategy has commenced with strategic investments in coinsquare.io, verady.io, and tesspay.io.