
Riot Platforms, a Bitcoin mining firm, has achieved all-time highs in several key metrics for the year 2023, including generating a total revenue of $281 million, producing 6,626 Bitcoin, and securing $71 million in power credits. This comes as the cryptocurrency community anticipates the upcoming Bitcoin halving event, set to occur on April 20, 2024, which will reduce the block reward for miners by half. The halving is currently 96% complete. Despite the potential for increased profitability, Riot Platforms has cautioned that there is 'no guarantee' the halving will be favorable for miners, highlighting the uncertain impact of the event.
ICYMI: Bitcoin miner Riot Platforms generated record $281 million total revenue in 2023 https://t.co/IkMMWHKcYn
Bitcoin is in a different place than it was four years ago, the last time the cryptocurrency underwent a halving. Here’s what you need to know: https://t.co/JK4bPVRWUT
Bitcoin Halving █████████████████▒ 96% Estimated date: 4/20/2024
