**Riot Platforms Hits 10,000 Bitcoin Milestone Amid Production Challenges**

Riot Platforms, a leading Bitcoin mining company, has achieved a significant milestone by holding over 10,000 Bitcoin, marking a 37% increase from last year. However, the company faced a 13% drop in Bitcoin production in August 2024 compared to July, producing 322 Bitcoin versus 370.

**Key Points:**

- **Production Drop:** August 2024 saw a 3% decrease in Bitcoin production compared to August 2023.

- **Energy Costs:** Riot optimized energy costs, achieving $20/MWh at its Rockdale facility and $39/MWh at Corsicana.

- **Hashrate:** The average operating hashrate in August was 14.5 EH/s, a 7% drop from July but a 224% increase from last year.

- **Expansion Plans:** Riot is developing Phase 1 of its Corsicana Facility, aiming for 1 gigawatt capacity.

**Boardroom Drama:**

Riot, holding a 19.9% stake in Bitfarms, is pushing for board changes at an upcoming shareholders' meeting, following Bitfarms' $125 million acquisition of Stronghold Digital Mining. Bitfarms argues the proposed changes serve Riot's interests.

Stay tuned for more updates on Riot's strategic moves and the evolving Bitcoin mining landscape.