tl;dr
Riot Platforms (NASDAQ: RIOT) mined 520 bitcoin (BTC-USD) in January, down 16% from the prior month and 30% from a year ago, according to the company's monthly production and operations updates released on Monday. Meantime, it sold 212 bitcoin (BTC-USD) during the month at an average net price of $4...
Riot Platforms (NASDAQ: RIOT) mined 520 bitcoin (BTC-USD) in January, down 16% from the prior month and 30% from a year ago, according to the company's monthly production and operations updates released on Monday. Meantime, it sold 212 bitcoin (BTC-USD) during the month at an average net price of $44,860 for net proceeds of $9.5M. At the end of January, Riot (RIOT) held a total of 7,648 bitcoin (BTC-USD), worth ~$327M at current prices. Its deployed hash rate at month-end was 12.4 exahashes per second (EH/s), unchanged from December and up from 9.3 EH/s in the year-earlier period. Power and demand response credits together stood at $3.3M, compared with $0.5M in December and $0.9M a year before. Riot (RIOT) expects to achieve a total self-mining hash rate capacity of 29 EH/s by the end of 2024. Riot (RIOT) stock dipped 5.4% in Monday morning trading, as bitcoin (BTC-USD) ticked down 0.2% to $42.8K.
More about Riot Blockchain Inc
Riot Blockchain Inc is a company that focuses on cryptocurrency mining operations in North America. The company is headquartered in Castle Rock, Colorado and operates in the life sciences sector, specifically in vitro and in vivo diagnostic substances. The company's stock performance has seen a decrease of 1.8% and a current stock price of $18.71. Market sentiment appears to be bearish, with a negative trend indicated by the stock performance and technical indicators.
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