Riot reports savings of over $31 million in electricity savings in August alone due to a new energy strategy.
Bitcoin miner Riot Platforms Smart Energy Strategy Yields $31 Million in SavingsProminent Bitcoin mining firm Riot reports savings and operational achievements due to an innovative energy strategy that saved the firm around $31M in August, according to a press release.
Energy strategy plays pivotal role for RiotRiot’s unique power strategy has played a pivotal role in its cost savings.
During the extreme heatwave experienced in Texas in August 2023, Riot’s power strategy played a critical role in helping to stabilize the state’s energy grid.
The company’s strong financial position and efficient miner fleet positions Riot as a leading player as the Bitcoin ‘halving’ event approaches next year.
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