Riot Announces November 2023 Production and Operations Updates
06 12월 2023 - 11:00PM
Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an
industry leader in Bitcoin (“BTC”) mining and data center hosting,
announces unaudited production and operations updates for November
2023.
Bitcoin Production and Operations
Updates for November 2023
|
|
|
|
Comparison (%) |
Metric |
November 2023 |
October 2023 |
November 2022 |
Month/Month |
Year/Year |
Bitcoin Produced |
552 |
458 |
521 |
21% |
6% |
Average Bitcoin Produced per Day |
18.4 |
14.8 |
17.4 |
25% |
6% |
Bitcoin Held1 |
7,358 |
7,345 |
6,897 |
0% |
7% |
Bitcoin Sold |
540 |
440 |
450 |
23% |
20% |
Bitcoin Sales - Net Proceeds |
$19.6 million |
$12.5 million |
$8.1 million |
57% |
142% |
Average Net Price per Bitcoin Sold |
$36,278 |
$28,408 |
$18,009 |
28% |
101% |
Deployed Hash Rate1 |
12.4 EH/s |
11.7 EH/s2 |
7.7 EH/s |
6% |
61% |
Deployed Miners1 |
112,944 |
106,6742 |
72,428 |
6% |
56% |
Power Credits3 |
$0.2 million5 |
$1.0 million5 |
$0.2 million |
-77% |
1% |
Demand Response Credits4 |
$1.6 million5 |
$1.9 million5 |
$0.6 million |
-18% |
164% |
|
|
1. As of month-end. |
2. Exahash per second (“EH/s”). Excludes
6,270 miners in October 2023 offline due to damage to Building G
from the severe winter weather in late December 2022 in Texas. |
3. Power curtailment credits. |
4. Credits received from participation
in ERCOT demand response programs. |
5. Estimated. |
“Riot continued to increase monthly Bitcoin
production in November, mining 552 Bitcoin during the month, a 21%
increase over October’s production,” said Jason Les, CEO of Riot.
“Despite the headwinds of a nearly 9% increase in network
difficulty, the ongoing return of hash rate in Building G at our
Rockdale Facility and reduced curtailment activity helped drive
this strong increase in our production activity.”
Estimated Hash Rate Growth
In June 2023, Riot entered into a long-term
purchase agreement with MicroBT, which included an initial order of
33,280 Bitcoin miners for its Corsicana Facility. Effective
December 1, 2023, Riot executed a second order under the MicroBT
long-term purchase agreement for an additional 66,650 Bitcoin
miners, primarily for its Corsicana Facility.
Collectively, the two purchase orders will add
26 EH/s to Riot’s self-mining capacity. Deployment of these miners
is expected to begin in the first quarter of 2024 and to be
completed by the second half of 2025. Upon full deployment in 2025,
Riot anticipates a total self-mining hash rate capacity of 38
EH/s.
Conference Schedule:
- Singular Research: 18th Annual
“Best of Uncovered” Conference in San Francisco, December 7th.
- Roth MKM: 12th Annual Deer Valley
Event, December 13-16th.
Investor Relations Update
Riot has recently updated its Corporate Presentation, a copy of
which is available on the Company’s website.
Human Resources Update
Riot is currently recruiting for positions
across the Company. Join our team in building, expanding, and
securing the Bitcoin network.
Open positions are available at:
https://www.riotplatforms.com/careers.
About Riot Platforms, Inc.
Riot’s (NASDAQ: RIOT) vision is to be the
world’s leading Bitcoin-driven infrastructure platform. Our mission
is to positively impact the sectors, networks, and communities that
we touch. We believe that the combination of an innovative spirit
and strong community partnership allows the Company to achieve
best-in-class execution and create successful outcomes.
Riot is a Bitcoin mining and digital
infrastructure company focused on a vertically integrated strategy.
The Company has data center hosting operations in central Texas,
Bitcoin mining operations in central Texas, and electrical
switchgear engineering and fabrication operations in Denver,
Colorado.
For more information, visit
www.riotplatforms.com.
Safe HarborStatements in this
press release that are not historical facts are forward-looking
statements that reflect management’s current expectations,
assumptions, and estimates of future performance and economic
conditions. Such statements rely on the safe harbor provisions of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Because such statements are
subject to risks and uncertainties, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Words such as “anticipates,” “believes,” “plans,”
“expects,” “intends,” “will,” “potential,” “hope,” and similar
expressions are intended to identify forward-looking statements.
These forward-looking statements may include, but are not limited
to, statements about the benefits of acquisitions, including
financial and operating results, and the Company’s plans,
objectives, expectations, and intentions. Among the risks and
uncertainties that could cause actual results to differ from those
expressed in forward-looking statements include, but are not
limited to: unaudited estimates of Bitcoin production; our future
hash rate growth (EH/s); the anticipated benefits, construction
schedule, and costs associated with the Navarro site expansion; our
expected schedule of new miner deliveries; the impact of weather
events on our operations and results; our ability to successfully
deploy new miners; the variance in our mining pool rewards may
negatively impact our results of Bitcoin production; megawatt
(“MW”) capacity under development; we may not be able to realize
the anticipated benefits from immersion-cooling; the integration of
acquired businesses may not be successful, or such integration may
take longer or be more difficult, time-consuming or costly to
accomplish than anticipated; failure to otherwise realize
anticipated efficiencies and strategic and financial benefits from
our acquisitions; and the impact of COVID-19 on us, our customers,
or on our suppliers in connection with our estimated timelines.
Detailed information regarding the factors identified by the
Company’s management which they believe may cause actual results to
differ materially from those expressed or implied by such
forward-looking statements in this press release may be found in
the Company’s filings with the U.S. Securities and Exchange
Commission (the “SEC”), including the risks, uncertainties and
other factors discussed under the sections entitled “Risk Factors”
and “Cautionary Note Regarding Forward-Looking Statements” of the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2022, as amended, and the other filings the Company
makes with the SEC, copies of which may be obtained from the SEC’s
website, www.sec.gov. All forward-looking statements included in
this press release are made only as of the date of this press
release, and the Company disclaims any intention or obligation to
update or revise any such forward-looking statements to reflect
events or circumstances that subsequently occur, or of which the
Company hereafter becomes aware, except as required by law. Persons
reading this press release are cautioned not to place undue
reliance on such forward-looking statements.
Investor Contact:Phil McPherson303-794-2000 ext.
110IR@Riot.Inc
Media Contact:Alexis Brock303-794-2000 ext.
118PR@Riot.Inc
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