Discover the cutting-edge world of Bitcoin mining with Jason Les, the insightful CEO of Riot Platforms. Join us as Jason reveals the secrets behind Riot's outstanding Q3 performance, boasting a 23% rise in Bitcoin production and a 16% increase in operational hash rate. Learn how Riot is navigating the challenges of the Kentucky expansion while staying focused on long-term growth and performance improvements through 2025.Uncover Riot's strategies for maximizing efficiency and sustainability in their mining operations. From deploying top-of-the-line MicroBT miners to implementing a robust power strategy, Jason shares how Riot is reducing costs and enhancing the resilience of their fleet. Get an inside look at the high uptime of their machines at Corsicana and Rockdale and the critical role in-house repair teams play in keeping operations smooth and cost-effective.Explore the financial landscape Riot navigates, including their strategies to manage significant non-cash expenses and a net loss of $154.4 million in Q3. Jason sheds light on the nuances of their stock-based compensation plan and its pivotal role in aligning employee and company success. As the episode wraps up, we'll discuss Riot's forward-thinking plans for financing growth, managing power costs, and securing strong partnerships to ensure their continued success in the fast-paced Bitcoin mining industry.
