How Much Bitcoin Does Riot Platforms Own?

Entity Country Symbol:Exchange # of BTC Value Today % of 21m
Riot Platforms, Inc. RIOT:NADQ 7,648 7648 0.036%

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How Much Bitcoin Does Riot Own?

Riot Platforms, Inc. (NASDAQ: RIOT) is sitting on 7,648 Bitcoins as of January 31, 2024(1).

What Does Riot Platforms Do?

Riot is a leader in the world of Bitcoin mining. The company was originally called Bioptix, Inc, but changed its name to Riot Blockchain and became incorporated in 2000. They are based in Castle Rock, Colorado.

Their current Hashing Capacity is 12.4 EH/S as of January 2024. Riot expects to increase to 29 EH/s by the end of 2024 and 38 EF/s by the end of 2025.

In June 2023 they announced a purchase agreement with MircoBT for an order of 33,280 Bitcoin miners for its Corsicana Facility. Full deployment is expected by mid-2024 and will result in an expect mining hash rate of 20.2 EH/s for that facility alone.

Where Does Riot Get Its Bitcoin?

The company accrues Bitcoin through its extensive mining operations. One of which is Operation Whinstone US, located in Rockdale, Texas. This is currently North America’s largest Bitcoin mining facility by mining capacity.

Who Owns Riot Platforms?

Jason Les is Riot’s CEO. He’s been involved with Bitcoin since 2013 studying protocol development, working on open-source projects, and Bitcoin mining.

Jeff McGonegal is the CFO. Jeff became a Certified Public Accountant in 1975 and has been in the accounting business since then.

Benjamin Yi is the Executive Chairman. He specializes in corporate strategy, development, and governance.

William Jackman is the General Counsel of Riot Platforms and deals primarily with the legal side of things.

Chad Harris is the Chief Commercial Officer of Riot. With his experience in customer retention, acquisition, and negotiations, he helps businesses achieve success.

Does Riot Platforms Only Mine Bitcoin?

Yes, Riot’s vision is to be the world’s leading Bitcoin-driven infrastructure platform.

Does Riot Own or Mine Ethereum and Other Cryptocurrencies?

No, Riot’s primary interest is Bitcoin and Bitcoin mining.

Total of Bitcoins Owned by Entities

Category # of BTC Value Today % of 21m
ETFs 946211.152 946211.152 4.506%
Countries 562968 562968 2.681%
Public Companies 283939.2 283939.2 1.352%
Private Companies 516571 516571 2.46%
BTC Mining Companies 42280.2 42280.2 0.201%
Defi 155986 155986 0.743%

Learn More About Other Entities Owning Bitcoin

Entity Country # of BTC Value Today
4,355.6 4355.669
2,581 2581
807 807
6,255 6255
3,106 3105.93
25,309 25309.03
33,924 33924.421
104,128.6 104128.63
161,265.8 161265.8149
200,000 200000
2,381 2381
428,543.8 428543.8453
7,648 7648
9,116 9116
66,465 66465
8,100 8100
9,000 9000
15,741 15741
8,027 8027
9,720 9720

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