Riot Announces July 2023 Production And Operations Updates; 410 BTC Produced For July
Portfolio Pulse from Happy Mohamed
Riot Platforms, Inc. (NASDAQ:RIOT) announced its production and operations updates for July 2023. The company produced 410 Bitcoins, held 7,275 Bitcoins, and sold 400 Bitcoins at an average net price of $30,293 per Bitcoin. The company's deployed hash rate was 10.7 EH/s and it had 95,904 deployed miners. Riot's power strategy generated $6.4 million in power credits and $1.8 million in demand response credits. The company is in the process of repairing damage incurred in Building G during the severe winter storm in Texas in December 2022, and now anticipates achieving a total self-mining hash rate capacity of 12.5 EH/s at its Rockdale Facility in the second half of 2023.

August 04, 2023 | 1:26 pm
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Riot Platforms, Inc. (NASDAQ:RIOT) announced its production and operations updates for July 2023. The company produced 410 Bitcoins, held 7,275 Bitcoins, and sold 400 Bitcoins at an average net price of $30,293 per Bitcoin. The company's deployed hash rate was 10.7 EH/s and it had 95,904 deployed miners. Riot's power strategy generated $6.4 million in power credits and $1.8 million in demand response credits.
The company's production and operations updates for July 2023 show a strong performance in Bitcoin mining and sales. The company's power strategy also generated significant credits. These factors could have a positive impact on the company's stock price in the short term.
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