Riot Platforms Shifts Focus Beyond Bitcoin Mining Amidst Production Surge

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Riot Platforms has announced a significant increase in its Bitcoin production, mining 1,406 BTC in the third quarter, a 27% year-over-year jump. Despite this impressive growth and record quarterly revenues of $180.2 million, the company is strategically pivoting its focus from solely mining Bitcoin to "maximizing the value of our megawatts" through data center development.

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