Riot Platforms, Inc. participated. Its production update is for December 2024.

The company mined 516 bitcoins in December, an increase of 4% from November. Riot Platforms achieved a 4% monthly production increase and completed the first phase of its Corsicana facility with over 17,700 Bitcoins held by the end of the year.

Full hash rate activation is still ongoing, with a careful commissioning process to ensure the stability of the power grid, according to Riot He releases. In 2024, Riot expanded its published hashrate by 155%, outpacing the network's hashrate growth of 52%.

This enabled the company to mine 4,828 bitcoins over the course of the year at an overall net energy cost of 3.4 cents per kilowatt hour. As of December 31, Riot's Bitcoin holdings had reached 17,722, reflecting a 141% increase from 2023.

The company also announced a 39% increase in Bitcoin held per fully diluted share, underscoring its focus on enhancing shareholder value.

Last week, analysts at HC Wainwright said His name Riot as one of the "Big Three" Bitcoin miners, anticipating that it will outperform competitors.