Riot Platforms generates 8% less bitcoins M/M in April

Riot Platforms ( NASDAQ: RIOT ) produced 639 bitcoins ( BTC-USD ) in April, down 8.1% from a month ago but up 26% year-over-year, the miner said Wednesday. At the same time, the company sold 600 BTC, generating around $17.6M in proceeds. That's less than the 675 BTC offloaded in the prior month. As of April 30, Riot ( RIOT ) held ~7,112 self-mined BTC. It had a deployed fleet of 94,176 miners, with a hash rate capacity of 10.5 exahash per second, which excludes 17,040 miners that are offline as a result of damage to Building G from the severe winter weather in late December in Texas. Building G "remains on track to come back online in the second half of 2023," said Riot ( RIOT ) CEO Jason Les. In addition, "our teams have been focused on operational enhancements to increase efficiency, including improving cooling in Buildings D and E through the installation of waterwalls." RIOT, meantime, dropped 9.1% in Wednesday morning trading as bitcoin's ( BTC-USD ) rally from the prior session lost steam, slipping 1.2% to $28.20K. More on Riot Platforms Riot Platforms' Surge: A Balanced Valuation Or Just The Beginning? Riot Platforms: 2023 Returns Might Be Limited