Riot, one of the world’s largest Bitcoin (BTC) miners, shared its financial reports for 2022.
Riot shared its financial data for 2022 with the public in a recent statement. for the year 2022 $259.2 million revenue reporting company compared to 2021 46% with an increase 5,554 Bitcoins declared that he produced
In the published report, Riot stated that the hash rate 3 times by removing to 9.7 EH/s stated that it has arrived.
Riot’s Bitcoin mining revenue in 2021 184.4 compared to millions of dollars 156.9 million dollars took place as The company attributed this decline in mining revenue to the low price of Bitcoin over the past year.
On the other hand, in December 2021, the company winstone And ESS metron In total, due to the investments made in the companies and the decrease in the sector-specific value $538.6 million He declared that he was hurt. The company also stated that an error had been made in calculating this impairment, and therefore it did not report its financial statements. U.S. Securities and Exchange Commissionannounced that it will present it to the SEC (SEC) in 15 days.
Riot received last year energy loans stated that it took place at the rates they expected, Bitcoin mining cost has dropped stressed. According to the shared information, in 2021 11,939 1 Bitcoin issuance costs in 2022 dollars $11,225 declined.
CEO of Riot Platforms Jason Les, the company Noting that it has tripled its hashrate capacity, he detailed its growth plans with the following statements:
In 2022, we tripled our hashrate capacity. Riot’s industry-leading financial strength puts us in a strong position to continue implementing our aggressive growth plans for 2023 and beyond.