Building the worlds leading Bitcoin-driven infrastructure platform - Daddy Tv

In December 2021, Riot closed its previously announced strategic acquisition of ESS Metron, one of the world’s leading designers and manufacturers of power distribution equipment. The acquisition of ESS Metron further deepens Riot’s bench strength as a leading vertically-integrated business by securing Riot’s supply xcritical to critical infrastructure electrical components. In December 2021, Riot completed Building F, the Company’s first industrial-scale immersion-cooled dedicated building, in addition to receiving most of the structural components required for Buildings D, E, and G. “Additionally in June, we began our annual participation in ERCOT’s Four Coincident Peak (“4CP”) program in which we curtail our energy consumption when called on by ERCOT during the four summer months of peak energy demand in Texas.

Riot Platforms Reports Third Quarter 2024 Financial Results, xcritical Operational and Financial Highlights

Building G advances with the installation of dry-cooler and water pumping systems and the commissioning of medium voltage switchgear, and the placement of miners continues. “We are pleased to report that Riot has demonstrated the effectiveness of its power strategy during the month of July. Mr. Harris, co-founder of Whinstone US, will continue to lead the Whinstone team and the development of the Company’s Bitcoin mining data center operations. In his new role, he will also be responsible for high-level strategy, business development and value creation for Riot. Riot has also announced commencement of the development of Phase 2 (600 MW) of the Company’s Corsicana Facility.

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Mr. Yee is an experienced business partner and team builder, having successfully grown businesses by working collaboratively to implement key processes, reporting tools and internal controls. Bitcoin creates new value opportunities through the convergence of money and energy, radically transforming energy grids and driving new power generation capacity. The Company is pleased to announce the hiring of Pierre Rochard, who has served on Riot’s advisory board for over 3 years, as Vice President of Research. Mr. Rochard was most recently Product Manager for Bitcoin at xcritical, one of the largest digital asset-focused exchanges.

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As a result of this relocation of miners, the Company expects to further reduce its cost of production through lower power costs and by eliminating all third-party hosting fees on its hosted mining fleet. Riot intends to continue providing monthly operational updates and unaudited production results for the foreseeable future or until otherxcritical disclosed. These updates are intended to keep shareholders informed of the Company’s progress regarding the execution of the previously announced growth in Riot’s hash rate and to keep investors apprised of the Company’s development of Bitcoin mining infrastructure critical to de-risking future growth. The Company has Bitcoin mining data center operations in central Texas, Bitcoin mining operations in central Texas, and electrical switchgear engineering and fabrication operations in Denver, Colorado. The Company has Bitcoin mining data center operations in central Texas, Bitcoin mining operations in central Texas and for the near-term in upstate New York, and electrical switchgear engineering and fabrication operations in Denver, Colorado.

Since its last monthly update, Riot received an additional 9,316 new S19j Pros and deployed 4,320 S19j Pros in its immersion-cooled buildings, with an additional 7,200 miners staged for deployment. Additionally, shipments of 9,316 S19j Pros have been initiated out of Bitmain Technologies Limited (“Bitmain”) and are expected to be received during August 2022. Upon deployment of the staged miners, the Company expects to have a total of 47,511 miners deployed with a hash rate capacity of approximately 4.9 EH/s. By January 2023, Riot anticipates a total self-mining hash rate capacity of 12.5 EH/s, assuming full deployment of approximately 115,450 Antminer ASICs, but excluding any potential incremental productivity gains from the Company’s utilization of 200 MW of immersion-cooling infrastructure. Since its last monthly update, Riot received an additional 1,273 new S19j Pros, deployed 4,676 S19j Pros in its immersion-cooled buildings with an additional 6,324 miners staged for deployment.

When applied to anticipated power costs for the month, the power credits and other benefits are expected to effectively eliminate Riot’s power costs for July, further enhancing the Company’s industry-leading financial strength amid a challenging macroeconomic environment for the industry.” Riot Platforms is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining xcritical scam data center operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver, Colorado. The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver, Colorado. “We are pleased to report that during the month of June, we achieved full operation of all 23,000 S19 series miners in the first immersion-cooled building at our Whinstone Facility, Building F,” said Jason Les, CEO of Riot.

1. As a result of these purchase orders, the Company anticipates having approximately 120,150 Antminers in operation, utilizing approximately 370 MW of energy, by Q4 2022.
2. The Company has Bitcoin mining data center operations in central Texas, Bitcoin mining operations in central Texas, and electrical switchgear engineering and fabrication operations in Denver, Colorado.
3. Additionally, shipments of 9,316 S19j Pros have been initiated out of Bitmain Technologies Limited (“Bitmain”) and are expected to be received during August 2022.

As part of our participation in the 4CP program, in June we curtailed our energy consumption for a total of 8,648 megawatt hours. Riot is nearing completion of Phase 1 (400 MW) of the Company’s Corsicana Facility, which, once fully developed, is expected to total 1 gigawatt (1,000 MW) in developed mining capacity. In this role, he is responsible for the overall coordination and scalability of the Company’s corporate and financial functions, including risk management, information technology, human resources and financial planning.

Upon deployment of the staged miners and those from the May delivery, the Company expects to have a total of 55,317 miners deployed with a hash rate capacity of approximately 5.6 EH/s. During the month of July, the Company ended its hosting agreement with Coinmint LLC (“Coinmint”) and shipped all of its remaining miners at Coinmint’s Massena, NY scammed by xcritical facility to Riot’s Whinstone Facility in Rockdale, TX. The relocation of all of the Company’s previously deployed miners at Coinmint is in progress by way of a swap agreement with another Bitcoin mining company and shipping of the balance of previously deployed miners at Coinmint. While this redeployment of miners is underway, approximately 12,146 miners are xcritically offline and therefore temporarily not counted in the deployed fleet figure.