Bitcoin Miner Riot Blockchain Ends Week Up 50% After Tapping Two-Year Highs

Bitcoin Miner Riot Blockchain Ends Week Up 50% After Tapping Two-Year Highs

Shares of the mining company surged to $6.60 Friday.


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Bitcoin Miner Riot Blockchain Ends Week Up 50% After Tapping 2-Year Highs

Shares of the mining company surged to $6.60 Friday.

With share price outpacing Bitcoin, Riot Blockchain appoints new director

The Bitcoin mining giant appoints a new director with a stellar institutional background as stock prices surge. Last week, as share prices ripped upwards of 50% to levels not seen since the 2018 cryptocurrency bullrun, Riot Blockchain (NASDAQ: RIOT) appointed former director of the listing committee for the Toronto Stock Exchange, Hubert Marleau, to the Riot board of directors. The Colorado-based firm was in the market for a new director after the departure of former Canadian Cabinet member Remo Mancini. Marleau brings a wide range of regulatory and governing experience to Riot, having....

Riot Blockchain Mined 224 Bitcoins in Q3

Riot reported a current mining capacity of 556 peta hash per second.

Marathon and Riot battle for the title of America’s biggest Bitcoin miner

A recent purchase of 10,000 Antminer S-19s has placed Marathon Patent Group on-track to become North America’s largest Bitcoin mining firm by Q3 2021. Nevada-based cryptocurrency mining firm Marathon Patent Group has announced the purchase of 10,000 Antminer S-19 Pro ASICs as part of its plan to become the largest mining firm in North America.The publicly traded firm announced the purchase on Oct. 26, revealing plans to command an operational hash rate of 2.56 exahashes per second (EH/s) in July 2021 — equal to 1.9% of the current hashing power of the entire Bitcoin network.Marathon Patent....

Riot Buys 2,500 More Bitmain Miners in Latest Fleet Expansion

The publicly traded bitcoin miner aims to quadruple its current hashrate by mid-2021.