Welcome to our dedicated page for Riot Platforms Ord Shs news (Ticker: RIOT), a resource for investors and traders seeking the latest updates and insights on Riot Platforms Ord Shs stock.
Riot Platforms, Inc. (RIOT) delivers cutting-edge Bitcoin mining solutions through vertically integrated operations combining energy management expertise with blockchain technology. This news hub provides investors and industry observers with direct access to official corporate announcements, operational milestones, and strategic developments.
Track critical updates including quarterly earnings reports, mining capacity expansions, and engineering innovations that drive RIOT's leadership in cryptocurrency infrastructure. Our curated feed ensures timely access to press releases about facility developments, energy partnerships, and blockchain network participation.
Bookmark this page for streamlined monitoring of RIOT's progress in optimizing mining efficiency through proprietary power strategies and engineered solutions. Regular updates provide insights into how the company balances Bitcoin production with sustainable energy practices across its operations.
On April 10, 2023, Riot Platforms (NASDAQ: RIOT) issued a statement in response to a New York Times article that misrepresented the company and the Bitcoin mining industry. Riot emphasized the benefits of Bitcoin as a store of value amid banking crises, highlighting job creation and tax revenues for rural communities. The company refuted claims of greenhouse gas emissions, clarifying that their operations rely on the cleanest energy sources in Texas. Riot is committed to providing grid stability and economic development, being the largest employer in Milam County. The company asserted that the NYT’s article was misleading, driven by political interests, and ignored factual information provided by Riot.
Riot Platforms, Inc. (NASDAQ: RIOT) reported significant operational performance for March 2023, marking a 36% increase in Bitcoin production year-over-year, with 695 BTC mined compared to 511 BTC in March 2022. The company held approximately 7,072 BTC at the month's end and sold 675 BTC, generating $16.7 million in net proceeds. Riot's hash rate capacity reached an all-time high of 10.5 EH/s with a total of 94,176 miners deployed. Looking ahead, Riot estimates a self-mining capacity of 12.5 EH/s in the second half of 2023. Continuous infrastructure development and new miner deployments are in progress.
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