Riot Platforms, a US-based Bitcoin miner, has revealed its Bitcoin production and operational updates for December. The company mined 516 Bitcoin during the month, marking a 4% increase from November. This growth is attributed to the expansion of Riot's mining infrastructure, particularly the completion of the first 400 MW of its Corsicana Facility in Texas. Despite delays in hash rate due to a careful commissioning process, Riot CEO Jason Les remains optimistic about the facility's development. While December saw a rise in Bitcoin production compared to November, there was a 17% decrease year over year. However, Riot's strategic BTC purchases have led to a 141% increase in Bitcoin holdings, positively impacting shareholder value. The company also made significant Bitcoin acquisitions in December and announced plans to raise funds for more purchases. Riot's hash rate surged by 155% in 2024, reflecting its efficient Bitcoin mining capabilities. Read more AI-generated news on: https://app.chaingpt.org/news

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