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Riot Platforms produced 675 BTC in February, up 55% from last year
The Fly

Riot Platforms produced 675 BTC in February, up 55% from last year

Riot Platforms announces unaudited production and operations updates for February 2023. Bitcoin Production and Operations Updates for February 2023: Riot produced 675 BTC, an increase of approximately 55% as compared to February 2022 production of 436 BTC. Riot held approximately 7,058 BTC as of February 28, 2023, all produced by the Company’s self-mining operations. Riot sold 600 BTC, generating net proceeds of approximately $14.2 million. Riot had a deployed fleet of 87,264 miners, with a hash rate capacity of 9.8 exahash per second, as of February 28, 2023, which excludes 17,040 miners that are offline as a result of damage to Building G from the severe winter weather in late December in Texas. "February was another month of operational excellence for Riot, during which we produced 675 Bitcoin in the shortest month of the year, and despite one of the largest increases in mining difficulty in recent history," said Jason Les, CEO of Riot. "We have also continued to make progress on repairs to our immersion buildings, including Building G, where we now anticipate a return to full operations by the second half of 2022. Once achieved, this will bring back 1.9 EH/s of hash rate currently offline and not included in our reported hash rate capacity."

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