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RIOT Closes Gap by Selling Energy After Producing Less Bitcoin in June

  • RIOT, a US-based company with significant mining facilities in Texas and other regions, has released its June report, revealing an average daily production of 15.3 Bitcoin and a total monthly production of 460 BTC, of which 400 were sold.
  • Despite lower numbers and revenues in June, RIOT managed to generate more income by capitalizing on the extreme heatwave in Texas, which led to high energy demand. The income from energy sales was equivalent to an additional 361 BTC sales.
  • Currently, RIOT holds approximately 7250 BTC, compared to Marathon Digital’s 12538, HUT8’s 9136, and Cleanspark’s 529 BTC.

RIOT Capitalizes on Texas Heatwave to Boost Bitcoin Mining Revenue

June Report Reveals Successful Bitcoin Production

RIOT, a company headquartered in the United States with substantial mining operations in various regions, including Texas, has made public its report for June. The report indicates that the company managed to produce an average of 15.3 Bitcoin daily, culminating in a monthly total of 460 BTC. Interestingly, the company sold 400 of these Bitcoins.

High Energy Demand in Texas Boosts Income

Despite a decrease in the number of Bitcoins produced and consequently lower revenues in June compared to May, RIOT was able to increase its income. The company took advantage of the extreme heatwave in Texas, which resulted in a significant demand for energy. The income generated from these energy sales was tantamount to an additional 361 BTC sales.

RIOT’s Current Bitcoin Holdings

At present, RIOT has approximately 7250 BTC in its possession. This figure stands in comparison to Marathon Digital, which holds 12538 BTC, HUT8 with 9136 BTC, and Cleanspark with a relatively smaller amount of 529 BTC.

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Marisol Navaro
Marisol Navarohttps://en.coinotag.com/
Marisol Navaro is a young 21-year-old writer who is passionate about following in Satoshi's footsteps in the cryptocurrency industry. With a drive to learn and understand the latest trends and developments, Marisol provides fresh insights and perspectives on the world of cryptocurrency.
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