Bitcoin mining and data center hosting firm Riot Platforms generated record total revenue in 2023, according to its annual report for the year ending 31 Dec. filed today.

Riot’s total revenue rose 8% from $259.2 million in 2022 to $280.7 million in 2023. Bitcoin mining revenue accounted for $189 million (67%) of the total revenue — up 20% from 2022 — driven by higher Bitcoin production and the rising price of Bitcoin, the company said.

Riot, which runs North America’s largest Bitcoin mining facility in Rockdale, Texas, grew its Bitcoin production by 19% year-over-year from 5,554 BTC in 2022 to 6,626 BTC in 2023, despite curtailing its power usage by over 95% during peak periods of energy demand.

Riot also generated $64.3 million in engineering revenue, $27.3 million from data center …