Riot revenue rises 65% from 2023 but says hashrate plans hampered
Riot has reduced its hashrate projections due to delays in expansion at its recently acquired Kentucky facility.
*Riot hash rate growth projections. Source: Riot Platforms*
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"Interesting update from Riot! The 65% revenue rise is certainly a positive sign, but the delayed expansion in Kentucky is a setback. Hopefully, they can get back on track and meet their hashrate projections soon. Keeping an eye on how this develops!"