Tags: RIOT

Despite mining fewer Bitcoin, Riot’s holdings reportedly surged 141% to 17,722 BTC following strategic acquisitions and fundraising efforts.

Coinbase dominates the exchange sector, holding 63.6% of the market’s value while miners shift toward AI, Web3, and cloud computing.

Riot produced 1,104 Bitcoin in Q3 2024, maintaining last year’s production level despite challenges from the halving event.

Riot Platforms recently acquired another Block Mining.

The deal boosts Riot’s hash rate by 1 EH/s right away, while expanding into Kentucky.

On June 5, Kerrisdale Capital launched a war on Bitcoin miners, labeling them an industry of snake oil salesmen.

Despite a rejected $950M acquisition offer for Bitfarms, the mining firm Riot acquired a 9.25% stake, becoming its largest shareholder.

Prepare for a North American Bitcoin Mining Infrastructure Boom + More News

The announcement came shortly after the recent boom in Bitcoin price.

Riot Blockchain Buys 66,560 Bitcoin Mining Rigs in $290.5 Million Deal with MicroBT

Court Lawsuit Judge Legal (Shutterstock)

New and old bitcoin mining rigs at CleanSpark‘s site in Georgia. (Eliza Gkritsi/CoinDesk)

(Getty Images)

Bitcoin miners are no longer able or willing to hold onto all of their mined digital assets indefinitely as a slump in prices is eating into their margins.

Tolokonnikova will teach an “Activist Master Class” on the Palm network’s educational platform and curate a feminist art contest through the Palm DAO during NFT.NYC.

The delay follows a similar move earlier this week by Marathon Digital on similar grounds.

All proceeds from the open edition Putin’s Ashes NFT collection will be donated to troops in Ukraine.

Companies are taking steps to mask their industry ties during a time of scandals and losses.