Hash Wars Heat Up: Riot Flexes Power in BTC Mining Game
Riot Platforms is stacking sats with a 4% boost in December, mining 516 BTC and wrapping up the first 400 MW at their Corsicana facility.
CEO Jason Les calls it a win for efficiency as Riot’s hash rate soared 155% in 2024, outpacing network growth by miles.
With 4,828 BTC mined this year at $0.034/kWh, Riot isn’t just mining - they’re finessing the grid too, using demand response programs to cut costs and stay sustainable.
By year-end, they held 17,722 BTC, up 141% from 2023.
BTC briefly touched $102,227 in December; this space is buzzing, and the hash race is just warming up.
Source: Cryptopolitan$BTC