🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
👉
Riot Platform's Power Strategy Boosts Credits Amid Production Decline
In June, Riot Platforms mined 450 bitcoin, a 12% decrease from May’s 514 BTC, with daily production averaging 15 BTC compared to 16.6 BTC in May.
Riot Achieves Higher Average BTC Price in June
Bitcoin mining firm Riot Platforms produced 450 bitcoin ( BTC) in the past month, a 12% drop from the 514 BTC mined in May. This decline saw the firm’s average bitcoin mined per day fall from 16.6 BTC in May to 15 BTC in June. Despite this, Riot’s year-over-year production was still 76% higher than in the same period in 2024.
As shown in its June production and operations update, Riot sold fewer coins in June, about 397 BTC versus the 500 BTC it sold in May. Consequently, the firm’s net proceeds from BTC sales dropped 19% from $51.3 million in May to $41.7 million in June. Riot, however, achieved a higher average net price per BTC sold of $105,071, approximately $2,500 more than the $102,591 realized in May.
Remarking on the miner’s June performance, Jason Les, CEO of Riot, said:
Meanwhile, Riot’s June data shows a marginal increase in the deployed hashrate from 35.4 EH/s in May to 35.5 EH/s in June. However, its average operating hashrate over the month dropped by 5% from 31.5 EH/s to 29.8 EH/s. During the same month, Riot’s total power credits surged 549% from $0.6 million to $3.8 million, while total demand response credit went up by a modest 6% from $1.7 million to $1.8 million in June.
On the other hand, Riot’s “all-in power cost” dropped 11% from 3.8 cents per kilowatt-hour (kWh) realized in May to 3.4 cents per kWh achieved in June.