To keep up with the declining Bitcoin rewards, Riot Platforms opened a new mining facility near Corsicana, Texas.
Bitcoin (BTC) miner Riot Platforms produced 215 BTC in May, a 43% decrease from last month.
The decrease in mining revenue is a direct impact of the April 20 Bitcoin halving on the mining industry, which halved the mining rewards to 3.125 BTC.
Anticipating this decline, Riot preplanned an infrastructure upgrade to retain Bitcoin production post-halving.
