📉 Mining company Riot Platforms reported a 19% increase in Bitcoin (BTC) mining in 2023, producing 6,626 BTC. The company's revenue also increased due to the higher average price of Bitcoin in 2023 compared to the previous year's bear market.

- The average cost of mining one Bitcoin Riot decreased by $3,686 in 2023

- The company’s revenue amounted to $280.7 million, which is $21.5 million more than in 2022

- Riot shares are up 47.47% over the past month, but fell 10.65% last week.

In December 2023, Riot purchased 66,560 mining rigs from MicroBT, one of the largest hashrate expansions in the company's history ahead of the Bitcoin halving scheduled for April of this year.