Riot Platforms Bitcoin mining output surged by 19% in 2023: report
The cost of mining Bitcoin in 2023, after factoring in power credits allocated to self-mining, averaged $7,539 per Bitcoin. This marks a 33% decrease from the $11,225 average in 2022. Jason Les, CEO of Riot Platforms, unveiled the company’s performance in 2023, highlighting it as another significant milestone in its journey as a vertically integrated Bitcoin (BTC) miner. Les touted total revenues of $281 million, production of 6,626 Bitcoin, and earnings of $71 million in power credits.
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