Riot Platforms, one of the world’s largest Bitcoin miners, announced that it achieved a record total revenue of $ 280 million in 2023.
Riot Platforms February 23 on the website on to 2023 published its financial reports. According to data, Riot’s total revenue will increase by 2022 280.7 million, up 8% rose to the dollar.
Bitcoin mining revenue increases with rising prices 67% created.
Riot reduced power usage in Texas due to cold weather conditions and energy shortages during the year. 95% of the time Although it reduces Bitcoin production compared to 2022 19% increase to 6,626 BTC took it out.
Riot also 64.3 million dollar engineering income 27.3 million dollar generated data center hosting revenue.
The company’s revenues did not cover its expenses due to increases in energy costs and Net loss of $49.5 million explained. However, last year he announced Net loss of $509 million was observed to decrease significantly.
Riot CEO Jason Les made the following statements in his statement on the subject.
We achieved record results this year, reaching an all-time high of $281 million in total revenues, 6,626 Bitcoins generated, and $71 million in power credits earned from our unique power strategy.