Cryptocurrency mining company Riot Platforms mined 676 Bitcoins in May, up 6% from April.
Of this amount, the company sold 600 BTC at an average price of $27,568, resulting in it raising a total of $16.5 million.
In addition, Riot received $2.4 million in revenue from Texas energy operator ERCOT through a demand response program.
The company’s crypto holdings reached 7,190 BTC at the end of the month.
The firm deployed 94,176 Bitcoin miners with a total hashrate of 10.5 EH/s. By the end of the month, another 800 devices were ready for deployment.
Riot expects this hardware to reach 12.5 EH/s in the second half of 2023.