Bitcoin mining company Riot's July Bitcoin mining output fell by 28% month-on-month

According to The Block, Jason Les, CEO of Bitcoin mining company Riot, said that Riot’s Bitcoin mining output in July decreased by 28% month-on-month, but the company earned $9.5 million in electricity credits, which greatly exceeded the reduction in Bitcoin production. Loss. According to Jason Les, Riot reduced electricity consumption by 11,717MWh in July, which is about the electricity consumption of 13,121 average households for a month. Riot currently has a computing power of 4.2EH/s and is expected to reach 12.5EH/s by the first quarter of 2023.