Riot Announces September 2024 Production and Operations Updates

Core Insights - Riot Platforms, Inc. produced 412 Bitcoin in September 2024, marking a 28% increase from August and a 14% increase year-over-year [2][3] - The company achieved a total deployed hash rate capacity of 28.2 EH/s, driven by operational improvements and the completion of the third 100 MW building at the Corsicana Facility [4][7] - Participation in ERCOT's Four Coincident Peak Program allowed the company to curtail operations during peak demand periods, contributing to cost savings and operational efficiency [6] Production Metrics - Bitcoin produced in September 2024: 412 BTC, up 28% from August and 14% from September 2023 [2] - Average Bitcoin produced per day: 13.7 BTC, a 32% increase month-over-month [2] - Bitcoin held at month-end: 10,427 BTC, a 4% increase from August and a 42% increase year-over-year [2] Hash Rate and Capacity - Total deployed hash rate: 28.2 EH/s, a 20% increase from August and a 159% increase year-over-year [2] - Average operating hash rate across facilities: 19.5 EH/s, a 35% increase month-over-month [2] Power Strategy - Riot's power strategy focuses on consuming power during low-cost periods and curtailing operations during high-demand periods to manage costs effectively [5] - The company achieved total power credits of $2.2 million in September, a 66% decrease from August [2] Facility Updates - The Corsicana Facility is developing Phase 1 (400 MW), with the third 100 MW building completed in September, bringing total capacity to 300 MW [7] - The final 100 MW building (Building B2) is expected to be operational by November [7] Upcoming Events - Riot will participate in Bitcoin Amsterdam on October 9-10 and AIM Summit in Dubai on October 21-22 [9]