Riot Platforms
Riot Platforms (RIOT) Chart
About Riot Platforms
Riot Platforms is a bitcoin mining company, supporting the Bitcoin blockchain through rapidly expanding industrial-scale mining focused in the United States. It is focused on expanding its operations by increasing its Bitcoin mining hash rate and infrastructure capacity. Riot believes the future bitcoin mining will benefit from American operations and endeavors to be the driver of that future.
Riot 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. Whinstone U.S. is a wholly owned subsidiary of Riot Platforms and consists of the single largest Bitcoin mining and hosting facility in North America, as measured by its 750 MW in developed capacity. Riot currently has a deployed hash rate capacity of 4.6 EH/s utilizing approximately 136 megawatts (MW) of energy.
Riot Platforms News
Riot Platforms reports $296M net loss in Q1 despite record revenues
Riot's strategic improvements lead to record revenues, but cost of production highlights challenges amid Bitcoin market fluctuations.
- Riot Platforms leverages $1.8 billion Bitcoin trove for $100 million Coinbase loan
Riot Platforms charts path for strategic growth with novel Bitcoin-backed loan amidst industry headwinds.
- Former Riot Platforms VP launches Bitcoin securitization venture to ‘accelerate the adoption flywheel’
Pierre Rochard believes that Bitcoin-backed financial products will be regulated to protect the integrity of US capital markets.
- Riot Platforms bolsters Bitcoin reserves with $510 million purchase
Riot Platforms eyes AI potential as it bolsters financial reserves with over 5,000 BTC acquisition.
Riot Platforms Team
Jason Les
Chief Executive Officer
Jeffrey G. McGonegal
Chief Financial Officer
Chad Everett Harris
Executive Vice President, Chief Commercial Officer
Riot Platforms Support
All images, branding and wording is copyright of Riot Platforms. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the company mentioned on this page.