According to TheBlock, Riot revealed on the 3rd (local time) that it had mined a total of 450 BTC in June. This is up from the 255 BTC it had mined in the same period last year.
This is a 76% increase from the previous 2000 BTC, but a 12% decrease from the 514 BTC released in May. Riot currently holds a total of 19,273 BTC, with approximately 1,000 BTC released in June.
Riot sold $41.7 million worth of Bitcoin. According to reports, Riot temporarily suspended Bitcoin mining in January of this year, but resumed mining in April and has been mining for three months as of June.
The company continued mining for months. When it suspended mining in January, it used part of the power at its mining facility in Corsicana, Texas, to power artificial intelligence (AI) and high-performance computers.
In June, the company also announced that it would begin using its 4CP (Four Peak Power Demand Management) program in the state of Texas to diversify its revenue streams beyond mining.
This was also the time when the "Coincident Peak" program was launched, and by participating in this program, the company was able to receive power credits from the Electric Reliability Council of Texas (ERCOT).
ERCOT's 4CP program is operated to forecast and spread out peak demand for electricity during the summer.
Riot CEO Jason Leth said in a statement: "Riot mined 450 BTC in June.
"This is also when ERCOT's 4CP program began," he said. "Through strategies that include economical power shedding and participation in voluntary demand response programs, we have been able to reduce the number of power outages in Texas.
"This contributes to stabilizing the network and at the same time strengthens our competitive advantage."
2025/07/04 16:16 KST
Copyright(C) BlockchainToday wowkorea.jp 117