Riot Platforms produced 418 bitcoin in February

Riot Platforms announces unaudited production and operations updates for February 2024. “Riot mined a total of 418 Bitcoin in February,” said Jason Les, CEO of Riot. “During the month, we also announced a new purchase order with MicroBT for 31,500 miners to be installed at our Rockdale Facility. The installation of these miners will increase our mining efficiency and uptime, and will further expand hash rate capacity at our Rockdale Facility to 15.1 EH/s. Approximately 17,000 of the miners in this order will be used to replace miners that are not performing to our expectations. We expect to see significantly improved operating performance from our self-mining operations at our Rockdale Facility as these new miners are installed and begin operating, which we expect to commence in Q2 and to be completed in Q3 2024.”