Bitcoin Miner Riot Platforms (RIOT) reported on Tuesday strong production growth in May, mining 514 BTC-a increase of 11% from April and a 139% jump compared to the previous year. The company sold almost all the new Bitcoin and generated $ 51.3 million in proceeds at an average price of $ 102,591 per year. Token.
Riot’s Hashrate also climbed, with the total inmate computing power that reached 35.4 Exahashes per day. Second, an increase of 5% during April and 142% higher than the previous year. Operating efficiency also improved with the fleet running at 21.2 Joules per day. Terahash – down from 28 J/th last May.
In addition to mining, Riot places itself for AI growth and high performance computing (HPC) sectors. In May, the company closed the acquisition of 355 hectares of land near its Corsicana plant in Texas. CEO Jason Les said the site will support the development of data centers tailored to corporate and hyperscale clients, noting that these centers require significantly greater footprints than traditional mining.
To lead this effort, Riot Industry Veteran Jonathan Gibbs hired as Chief Data Center Officer. The relocation signalizes Riot’s ambition to diversify beyond Bitcoin and into the fast-growing market for AI-clear infrastructure.
Riot shares are higher by 3.4% in Tuesday trading.
