#BitcoinHashRateSurge Platforms, a leading player in the Bitcoin mining sector, has shown an upward trajectory in its mining operations on December 24. The company managed to mine 516 BTC, which is a 4% increase compared to the previous month when 495 Bitcoins were mined. However, it should be noted that these results reflect a noticeable 17% decrease compared to the same month last year when 619 Bitcoins were mined. Riot Platforms’ strategy to increase its Bitcoin holdings has yielded tangible results. By the end of 2024, the company had increased its Bitcoin stockpile by 141%, reaching a total of 17,722 BTC. This growth was supported by strategic Bitcoin purchases, including the acquisition of 5,117 Bitcoin for around $510 million and another 667 Bitcoin for around $69 million in December alone. These initiatives have significantly increased Riot shareholder value, as evidenced by the 39% increase in Bitcoin yield per fully diluted share.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.