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In 2023, <a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/" rel="noopener noreferrer nofollow">Riot</a> Platforms, a leading Bitcoin mining company, allocated $32.2 million in total stock compensation across its 480 employees. This results in an average stock compensation of $67,083 per employee, the lowest among its major competitors in the industry, according to <a href="https://x.com/SullyMichaelvan/status/1822084935382905212" rel="noopener noreferrer nofollow">SullyMichaelvan</a>.
<a href="https://ultramining.com/news/en/marathon-digital-to-boost-energy-efficiency-with-s19-xp-miners/" rel="noopener noreferrer nofollow">Marathon</a> Digital Holdings, despite having only 20-30 employees, provided a total of $33 million in stock compensation, translating to an impressive $1.1 million to $1.65 million per employee. <a href="https://ultramining.com/news/en/bitcoin-mining-giant-core-scientific-prepares-for-post-bankruptcy-comeback/" rel="noopener noreferrer nofollow">Core Scientific</a>, another major player, distributed $59 million in stock compensation to its 100 employees, with each employee receiving an average of $590,000. <a href="https://ultramining.com/news/en/cleanspark-doubles-down-on-bitcoin-mining-with-55m-expansion/" rel="noopener noreferrer nofollow">CleanSpark</a> and <a href="https://ultramining.com/news/en/iris-energy-diversifies-into-ai-with-10-million-nvidia-gpu-purchase-amid-bitcoin-focus/" rel="noopener noreferrer nofollow">Iris Energy</a>, with 145 and 65 employees respectively, reported average stock compensations of $206,897 and $155,385 per employee.
The disparity in stock compensation highlights the different strategies employed by these companies. Riot Platforms has prioritized expanding its workforce, particularly to support its large-scale projects, such as the Corsicana facility, the largest Bitcoin mining operation in North America. However, this approach has resulted in significantly lower per-employee compensation compared to its competitors, who have maintained smaller workforces while offering higher stock compensation.
As Riot continues its aggressive expansion, the company's strategy of spreading compensation across a larger employee base contrasts sharply with the more concentrated rewards seen at Marathon, Core Scientific, and others in the industry.

Riot Platforms Offers Lowest Stock Compensation Per Employee Among Competitors

Ultramining_Eng

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