Riot Announces September 2024 Production And Operations Updates; Produces 412 Bitcoin In September 2024 And Achieves Q3 Hash Rate Target, With 28.2 EH/s Deployed
Portfolio Pulse from Benzinga Newsdesk
Riot Platforms, Inc. reported its September 2024 production and operations update, highlighting the production of 412 Bitcoin and achieving a Q3 hash rate target of 28.2 EH/s. The company saw a 28% month-over-month increase in Bitcoin production and a 14% year-over-year increase. Riot held 10,427 Bitcoin by the end of September, a 4% increase from August. The total deployed hash rate increased by 20% month-over-month and 159% year-over-year.
October 03, 2024 | 1:04 pm
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Riot Platforms, Inc. produced 412 Bitcoin in September 2024, achieving its Q3 hash rate target of 28.2 EH/s. The company saw significant increases in Bitcoin production and hash rate deployment, indicating strong operational performance.
Riot's production of 412 Bitcoin and achievement of its Q3 hash rate target demonstrate strong operational performance. The 28% month-over-month increase in Bitcoin production and 20% increase in deployed hash rate suggest positive momentum, likely boosting investor confidence and potentially driving the stock price up in the short term.
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