Riot Platforms(US:RIOT)2024-10-30 20:41Q3 2024 Performance Highlights - Riot Platforms produced 1,104 Bitcoin in Q3 2024, consistent with the 1,106 Bitcoin produced in Q3 2023[7] - The company retained all Bitcoin produced in Q3 2024, selling none[7] - Ending hash rate deployed reached 28 EH/s, a 159% increase year-over-year[7] - Revenue totaled $84.8 million, including $67.5 million from self-mining, a 21% increase compared to Q2 2023[7] - Cost of power was 3.1 c/kWh, remaining one of the lowest in the industry[7] - Power curtailment credits amounted to $12.4 million[7] - The company held 10,427 Bitcoin as of September 30, 2024, a 42% increase year-over-year[11] Financial Position - Riot Platforms had $290 million in cash and $619 million in marketable securities as of September 30, 2024[5] - Total capital stood at $1.28 billion as of September 30, 2024[5] Hash Rate and Future Growth - Self-mining hash rate deployed increased by 6.2 EH/s, or 28%, quarter-over-quarter[11] - The company anticipates reaching 35 EH/s by year-end 2024[5] - Riot is targeting 100 EH/s in self-mining through infrastructure pipeline, miner purchase contracts, and acquisitions[26]