Riot reveals production and operations updates for December 2024
ining company that focuses on vertically integrated operations, meaning they handle everything from mining to holding Bitcoin. In December 2024, Riot produced 516 Bitcoin, which is a 4% increase from the previous month. The average daily production was 16.6 Bitcoin, showing a slight increase from November.
Riot held 17,722 Bitcoin at the end of December, a significant 55% increase from November and a 141% increase from December 2023. They did not sell any Bitcoin in December, but in 2024 they mined a total of 4,828 Bitcoin at an average net power cost of 3.4c/kWh.
Jason Les, CEO of Riot, mentioned that they completed the installation of systems at the Corsicana Facility, which is a big development for the company. They are focused on increasing their operational hash rate and being responsible stewards of the electrical grid. Throughout 2024, Riot increased their deployed hash rate by 155%, outpacing the network hash rate growth.
Looking ahead, Riot is actively recruiting for various positions within the company. If you’re interested in joining their team, you can check out the open positions on their website. Riot’s goal is to be a leading Bitcoin infrastructure platform, making a positive impact on the sectors and communities they work with through innovation and community partnerships.
