Riot Platforms noted a 76% year-over-year increase compared to the 255 BTC Riot mined in June 2024 and a 12% decrease from the 514 BTC mined just one month ago.
The firm, which now holds 19,273 BTC, diverted some of its power capacity in its Corsicana, Texas facility toward artificial intelligence and high-performance computing uses in JanuaryBitcoin mining firm Riot Platforms (ticker RIOT) mined 450 bitcoin, valued at around $49.26 million at current prices, in June.
That's a 76% year-over-year increase compared to the 255 BTC Riot mined in June 2024, but down 12% from the 514 BTC mined a month earlier, according to a company release on Thursday. The firm, which now holds 19,273 BTC, sold $41.7 million worth of bitcoins in June.
This also represents the third straight month Riot mined bitcoin since restarting the activity in April of this year, after the firm took a hiatus beginning in January. That month the firm began diverting some of its power capacity in its Corsicana, Texas facility toward AI and high-performance computing uses, The Block previously reported, in a bid to diversify its revenue streams amid increasing mining competitions #OneBigBeautifulBill #BTCWhaleMovement #Write2Earn! #bitcoin $BTC