Riot Announces June 2024 Operations Updates; 255 Bitcoin Produced; Anticipates Achieving A Total Self-Mining Hash Rate Capacity Of 31 EH/s By The End Of 2024
Portfolio Pulse from Benzinga Newsdesk
Riot Platforms, Inc. (NASDAQ:RIOT) announced its June 2024 operations update, revealing the production of 255 Bitcoin and achieving a deployed hash rate of 22.0 EH/s, surpassing its Q2 2024 target. The company anticipates reaching a total self-mining hash rate capacity of 31 EH/s by the end of 2024.
July 03, 2024 | 1:03 pm
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Riot Platforms, Inc. produced 255 Bitcoin in June 2024 and exceeded its Q2 2024 target with a deployed hash rate of 22.0 EH/s. The company aims to achieve a total self-mining hash rate capacity of 31 EH/s by the end of 2024.
Riot's production of 255 Bitcoin and surpassing its Q2 2024 target with a 22.0 EH/s hash rate are positive indicators of operational efficiency and growth. The anticipated increase to 31 EH/s by the end of 2024 suggests continued expansion and potential revenue growth, likely boosting investor confidence and short-term stock price.
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