Riot Platforms reports July 2024 Bitcoin production down 10% vs. last year

Riot Platforms announced unaudited production and operations updates for July 2024. Riot produced 370 bitcoins produced, up 45% vs. June 2024 and down 10% vs. July 2023. Average Bitcoins produced per day were 11.9 in July 2024, up 40% vs. June 2024 and down 10% vs. July 2023. Riot is currently developing Phase 1 of the company’s second large-scale facility, the Corsicana Facility, which is expected to total 400 megawatts of developed mining capacity upon completion of this initial phase. Once fully developed, the Corsicana Facility is expected to total 1 gigawatt in total developed mining capacity. Riot anticipates achieving a total self-mining hash rate capacity of 36 EH/s by the end of 2024. Following the Block Mining acquisition, Riot raised its 2024 deployed hash rate guidance from 31 EH/s to 36 EH/s, and upon full deployment in 2025, Riot now anticipates a total self-mining hash rate capacity of 56 EH/s.