Riot Produces 412 Bitcoin in September 2024 and Achieves Q3 Hash Rate Target, with 28.2 EH/s Deployed
CASTLE ROCK, Colo., Oct. 3, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announces unaudited production and operations updates for September 2024.
Bitcoin Production and Operations Updates for September 2024
| Comparison (%) | |||||||
| Metric | September 20241 | August 20241 | September 2023 | Month/Month | Year/Year | ||
| Bitcoin Produced | 412 | 322 | 362 | 28 % | 14 % | ||
| Average Bitcoin Produced per Day | 13.7 | 10.4 | 12.1 | 32 % | 14 % | ||
| Bitcoin Held 2 | 10,427 | 10,019 | 7,327 | 4 % | 42 % | ||
| Bitcoin Sold | - | - | 340 | N/A | N/A | ||
| Bitcoin Sales - Net Proceeds | - | - | $9.0 million | N/A | N/A | ||
| Average Net Price per Bitcoin Sold | N/A | N/A | $26,379 | N/A | N/A | ||
| Deployed Hash Rate - Rockdale 2 | 15.0 EH/s | 14.7 EH/s | 10.9 EH/s | 2 % | 38 % | ||
| Deployed Hash Rate - Corsicana 2 | 11.9 EH/s | 7.6 EH/s | - | 57 % | N/A | ||
| Deployed Hash Rate - Kentucky 2,3 | 1.3 EH/s | 1.2 EH/s | N/A | 5 % | N/A | ||
| Deployed Hash Rate - Total 2 | 28.2 EH/s | 23.5 EH/s | 10.9 EH/s | 20 % | 159 % | ||
| Avg. Operating Hash Rate - Rockdale 4 | 9.7 EH/s | 8.2 EH/s | 5.2 EH/s | 18 % | 88 % | ||
| Avg. Operating Hash Rate - Corsicana 4 | 8.6 EH/s | 5.2 EH/s | - | 66 % | N/A | ||
| Avg. Operating Hash Rate - Kentucky 3,4 | 1.2 EH/s | 1.0 EH/s | N/A | 14 % | N/A | ||
| Avg. Operating Hash Rate - Total 4 | 19.5 EH/s | 14.5 EH/s | 5.2 EH/s | 35 % | 279 % | ||
| Power Credits 5 | $1.9 million | $5.7 million | $11.0 million | -67 % | -83 % | ||
| Demand Response Credits 6 | $0.3 million | $0.7 million | $2.5 million | -56 % | -87 % | ||
| Total Power Credits | $2.2 million | $6.4 million | $13.4 million | -66 % | -84 % | ||
| All-in Power Cost - Rockdale 7 | 3.5c/kWh | 2.0c/kWh | (0.5)c/kWh | 72 % | N/M | ||
| All-in Power Cost - Corsicana 7 | 3.5c/kWh | 3.9c/kWh | N/A | -12 % | N/A | ||
| All-in Power Cost - Kentucky 7,8 | 4.0c/kWh | 3.7c/kWh | N/A | 8 % | N/A | ||
| All-in Power Cost - Total 7 | 3.5c/kWh | 2.6c/kWh | (0.5)c/kWh | 35 % | N/M | ||
- Unaudited, estimated.
- As of month-end.
- Includes self-mining capacity hosted outside of Kentucky.
- Average over the month.
- Estimated power curtailment credits.
- Estimated credits received from participation in ERCOT and MISO demand response programs.
- Estimated. Inclusive of all transmission and distribution charges, fees, adders, and taxes. Net of Total Power Credits.
- All-in power cost for Kentucky assets.