Riot Announces October 2023 Production And Operations Updates; 458 Bitcoin Produced
Portfolio Pulse from Benzinga Newsdesk
Riot Platforms, Inc. (NASDAQ:RIOT) has announced its unaudited production and operations updates for October 2023. The company produced 458 Bitcoin, a 26% increase from September 2023. The company's total hash rate also increased due to progress in repairs to one of its immersion buildings. Riot will now receive some M60 series miners from MicroBT in place of the previously agreed M50 series. The company will report its third quarter 2023 financial results on November 8th.
November 07, 2023 | 10:53 pm
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Riot Platforms has reported a 26% increase in Bitcoin production in October 2023, which could potentially boost its revenues. The company's total hash rate also increased, indicating improved operational efficiency. The company will report its third quarter 2023 financial results on November 8th, which could impact its stock price.
The increase in Bitcoin production and hash rate indicates improved operational efficiency, which could potentially boost Riot's revenues and profitability. The upcoming financial results could also impact the company's stock price.
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