Riot Platform’s Power Strategy Boosts Credits Amid Production Decline
2025-07-04 06:43:07
Main Idea
Riot Platforms experienced a 12% decline in Bitcoin production in June compared to May but achieved a higher average BTC price and increased power credits due to its strategic power management.
Key Points
1. Riot Platforms mined 450 BTC in June, a 12% decrease from May's 514 BTC, with daily production dropping from 16.6 BTC to 15 BTC.
2. Despite the production decline, Riot achieved a higher average net price per BTC sold at $105,071, up from $102,591 in May.
3. Riot's power strategy, including participation in ERCOT’s Four Coincident Peak (4CP) program, contributed to grid stability and improved its competitive positioning.
4. Total power credits surged 549% from $0.6 million to $3.8 million, while demand response credits increased by 6% from $1.7 million to $1.8 million.
5. Riot's 'all-in power cost' dropped 11% from 3.8 cents per kWh in May to 3.4 cents per kWh in June.
Description
In June, Riot Platforms mined 450 bitcoin, a 12% decrease from May’s 514 BTC, with daily production averaging 15 BTC compared to 16.6 BTC in May. Riot Achieves Higher Average BTC Price in June Bitcoin mining firm Riot Platforms produced 450 bitcoin ( BTC) in the past month, a 12% drop from the 514 BTC
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