Tags: Riot Blockchain

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.

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

Computing power on the Bitcoin network dropped about 40 over the weekend.