Riot Platforms mined 514 BTC in May, up 139% year-on-year
PANews reported on June 3 that, according to CoinDesk, Bitcoin mining company Riot Platforms had a strong production performance in May, mining 514 bitcoins, an increase of 11% from April and a year-on-year increase of 139%, and almost all of them were sold, earning $51.3 million. At the same time, the company's total computing power increased to 35.4 EH/s, a year-on-year increase of 142%, and the operational efficiency was also optimized, and the energy consumption of mining machines was reduced. In terms of business development, Riot Platforms is actively deploying in the fields of AI and high-performance computing. In May, the company acquired 355 acres of land adjacent to the Cosicana mine to build a large-scale data center for enterprise and hyperscale customers.