Riot Produces 495 Bitcoin in November 2024
Riot Platforms, Inc. (NASDAQ: RIOT), a leader in vertically integrated Bitcoin mining, has released its unaudited production and operations updates for November 2024. The company reported consistent performance despite increased network difficulty, showcasing operational resilience and strategic growth.
Bitcoin Production Highlights
| Metric | November 2024 | October 2024 | November 2023 | Month/Month Change | Year/Year Change |
|---|---|---|---|---|---|
| Bitcoin Produced | 495 | 505 | 552 | -2% | -10% |
| Avg. Daily Production | 16.5 | 16.3 | 18.4 | 1% | -10% |
| Bitcoin Held | 11,425 | 10,928 | 7,358 | 5% | 55% |
Operational Efficiency Improvements
- Deployed Hash Rate: Increased to 30.8 EH/s (up 5% month-over-month).
- Avg. Operating Hash Rate: Grew to 25.8 EH/s (up 13% from October 2024).
- Fleet Efficiency: Improved to 22.3 J/TH, reflecting a 19% year-over-year enhancement.
👉 Explore Bitcoin mining trends for deeper insights into industry performance metrics.
Power Management and Cost Efficiency
Riot optimized energy usage across its facilities, achieving an all-in power cost of 3.8¢/kWh. Key credits included:
- Power Curtailment: $1.0 million
- Demand Response Programs: $0.4 million
CEO Jason Les emphasized:
"Our focus on operational excellence ensures stable production despite market fluctuations. Ongoing deployments and efficiency upgrades position us for sustained growth."
Strategic Expansion and Events
Investor Conferences
- Bitcoin MENA (Abu Dhabi, December 9–10)
- Roth Annual Conference (Deer Valley, December 11–14)
👉 Learn about Bitcoin infrastructure innovations shaping the future of mining.
FAQs
Q: How does Riot maintain consistent Bitcoin production?
A: Through advanced operational upgrades and strategic miner deployments, ensuring high hash rate utilization.
Q: What drives Riot’s cost efficiency?
A: A combination of optimized power management, participation in demand response programs, and fleet efficiency gains.
Q: Where can I find Riot’s job openings?
A: Visit their careers page for current opportunities in Bitcoin mining and infrastructure development.
About Riot Platforms, Inc.
Riot (NASDAQ: RIOT) is committed to advancing Bitcoin-driven infrastructure, with mining operations in Texas, Kentucky, and engineering hubs in Colorado.
For media inquiries:
Alexis Brock – [email protected]
Investor relations:
Phil McPherson – [email protected]