Riot Platforms mined 516 bitcoin in December

“Riot mined 516 bitcoin in December, a 4% increase over the previous month, as we continue increasing operational hash rate,” said Jason Les, CEO of Riot. “We are pleased to share that we have finished installation of the final systems at the Corsicana Facility, completing the first 400 MW development phase. While all systems have been completed with miners installed, we are undertaking a measured commissioning process to ensure power quality as part of our commitment to being good stewards of the electrical grid, which has delayed some hash rate from coming online. During the year 2024, we increased our deployed hash rate by 155%, exceeding the growth of the network hash rate which increased by 52% over the same period. As a result, we mined, on an unaudited basis, a total of 4,828 bitcoin during 2024 at an all-in net power cost of 3.4c/kWh. Our mining operations and strategic purchases made during the year resulted in Riot holding 17,722 bitcoin at the end of 2024, representing a 141% increase in bitcoin held compared to the end of 2023. This has led to a 39% increase in bitcoin held per fully-diluted Riot share, or ‘bitcoin yield’, and represents a metric we will look to continuously improve upon for the benefit of our shareholders going forward.”