Bitcoin miner Riot Platforms trims Q2 loss to $27.7M
The firm managed to narrow net loss in the quarter as it ramped up Bitcoin production.
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Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving
The new rigs will add 7.6 EH/s to the firm’s self-mining capacity. However, the rigs won’t be installed until the first quarter of next year.
Riot reports 17K miners offline due to Texas weather
The mining firm reported two of the buildings at its Whinstone facility in Rockdale were damaged in December as Texas experienced days of sub-zero temperatures.
Riot Blockchain's Bitcoin mining productivity dropped 28% YOY amid record Texas heat
"The company voluntarily curtailed its energy consumption in order to ensure that more power would be available in Texas,” said Riot CEO Jason Les.
Coming to Texas: Riot Blockchain announces plans to move NY miners to Lone Star State
Moving rigs from New York to Texas was part of Riot's effort to reduce the firm’s operating expenses through lower power costs and eliminate “all third-party hosting fees.”
Bitcoin miner Riot Blockchain files prospectus for $500M stock sale
Despite the sizable dilution, the RIOT stock price has not moved much at the time of publication.
Russian protest group Pussy Riot seeks to tackle gender inequality in the NFT space
The Russian punk rock collective Pussy Riot plans to launch a DAO that will be promoting LGBTQ+ and women artists.
New BetaShares ETF to track Coinbase, Riot and MicroStrategy
The fund will trade on ASX and aims to provide a level of crypto exposure to institutional investors.
Riot Blockchain tripled production this year and is hoarding $194M in Bitcoin
Public mining firm Riot Blockchain has more than tripled its year-to-date Bitcoin production.
Riot Blockchain reports 1,540% increase in quarterly revenue from Bitcoin mining
Riot Blockchain netted $19.3 million in income for Q2 following its acquisition of Texas mining facility, Whinstone.