they ban your digital fingerprint, not just your ip.
I only use Reddit at work on my work desktop. Over the last handful of years I've gone through a shit ton of Reddit accounts, but they last weeks/months until I say one of the many, many things you can get bot banned for on Reddit, which I inevitably do, because I am not nice to fascists and I don't care if I get banned for being mean to fascists.
So I'm not sure about the IP thing.
I'm statically assigned an internal IP, so that never changes. And my public IP should also remain the same for weeks/months as far as I know.
It would be interesting to have a network admin's thoughts on this. Am I somehow being assigned a new public IP on a daily basis? That's handled on the ISP's side. Does my workplace have an agreement with the ISP to change public IP's every day? Cuz sometimes I only make it a day or two before telling a fascist the only good fascist is a dead one and getting banned.
I use the Brave browser and only use private windows. When I'm banned I clear the browser, making sure everything, including cookies, are wiped. I re-open the browser in a private window, create a new throwaway email account, use it to create a new Reddit account, and I'm back in until, like you, I hurt conservative fee fees.
I always thought an IP ban would be bad for their business cuz then one person could get a multi-user computer banned and Reddit would lose users that way. Not that I would put it past Reddit to make bad decisions. I've been watching them do it for almost two decades now.