Bitcoin miner Riot Platforms (RIOT) reported on Tuesday strong production growth in May, mining 514 BTC — an 11% increase from April and a 139% jump compared to the year-ago level. The company sold nearly all the new bitcoin, generating $51.3 million in proceeds at an average price of $102,591 per token.
Riot’s hashrate also climbed, with total deployed computing power reaching 35.4 exahashes per second, a 5% increase over April and 142% higher than the previous year. Operating efficiency improved as well, with the fleet running at 21.2 joules per terahash — down from 28 J/TH last May.
📖 Related Reading
- 📰 Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
- 📰 CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
Beyond mining, Riot is positioning itself for growth in the AI and high-performance computing (HPC) sectors. In May, the company closed the acquisition of 355 acres of land near its Corsicana facility in Texas. CEO Jason Les said the site will support the development of data centers tailored for enterprise and hyperscale clients, noting that these centers require significantly larger footprints than traditional mining operations.
To lead this effort, Riot hired industry veteran Jonathan Gibbs as Chief Data Center Officer. The move signals Riot’s ambition to diversify beyond bitcoin and into the fast-growing market for AI-ready infrastructure.
📖 Related Reading
- 📰 Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
- 📰 CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
RIOT shares are higher by 3.4% in Tuesday trading.
🔗 You Might Also Be Interested In
📖 Related Reading
- 📰 Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
- 📰 CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
📖 Related Reading
- 📰 Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
- 📰 CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
SEC Task Force Chief Says Crypto Traders Need to be Growups, Not Cry to Government
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
SEC Task Force Chief Says Crypto Traders Need to be Growups, Not Cry to Government
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
SEC Task Force Chief Says Crypto Traders Need to be Growups, Not Cry to Government
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’
SEC Task Force Chief Says Crypto Traders Need to be Growups, Not Cry to Government
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!