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Riot Platforms mines 516 Bitcoin in December, boosts holdings by 141% in 2024

Riot Platforms mined 516 Bitcoin in December 2024, marking a 4% increase from November but a 17% decrease year-over-year. Contributing factors include strategic infrastructure expansions, such as the completed 400 MW at the Corsicana facility, enhancing mining efficiency and supporting significant operational improvements.

Throughout 2024, Riot expanded its BTC holdings by 141%, totaling 17,722 BTC. The company made notable Bitcoin acquisitions in December, acquiring 5,117 BTC for 510 million USD and 667 BTC for 69 million USD. These strategic purchases positively impacted shareholder value, reflecting Riot’s commitment to robust growth and market expansion.

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