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Bitcoin Miner Riot Platforms' Output Drops 11% From January as Volatility Rises

  • Bitcoin mining firm Riot experienced an 11% decrease in production in February compared to January, due to planned maintenance and higher power prices caused by cold weather.
  • Despite the decrease, Riot saw a 12% increase in production year-over-year and maintained its daily average Bitcoin production, dropping only 1% from January.
  • Bitcoin's price stumbled, erasing gains following President Trump's announcement of a U.S. strategic crypto reserve, as tariff concerns triggered a sell-off.
  • Riot is focusing on its Corsicana Facility, which will have access to 1.0 gigawatt of power by 2026, as it aims to maximize the value of its assets.

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