“Riot produced 484 bitcoin in July,” said Jason Les, CEO of Riot. “Historically, the summer months are more challenging for hash rate utilization, as we participate in ERCOT’s Four Coincident Peaks Program, voluntarily curtail as part of demand response programs, and operate in harsher conditions. Despite these factors, Riot increased production month over month and achieved an extremely low all-in power cost of $28/MWh, which is a testament to our operational improvements and our power management capabilities.
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