Bitcoin Miner Riot Produced 464 BTC In October, Up 433% Year Over Year
The miner now holds nearly 4,000 bitcoin and expects to reach a hash rate capacity of 8.6 EH/s in 2022.Riot Blockchain mined 464 BTC in October 2021, a 433% increase over its October 2020 production of 87 BTC.The company now holds nearly 4,000 bitcoin, all produced in-house.Riot expects to house a hashrate capacity of around 8.6 EH/s by the end of next year.Bitcoin mining company Riot Blockchain produced 464 bitcoin in October, a 433% increase compared to its production of 87 BTC in the same month last year, according to a press release. Considering January to October production, the miner....
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Riot Blockchain, a Nasdaq-listed mining company, reported Thursday on its Bitcoin production last month. The company’s numbers jumped a little more than 400% year-on-year, as a result of the increase in mining power. The recent mining crackdown in China is also helping companies like Riot to keep growing. The company plans to continue increasing its mining resources after acquiring 43,500 miners from Bitmain. Riot Blockchain Ramps Up Production Riot Blockchain, an American Bitcoin mining company, delivered its Production and Operations updates for June on Thursday. The company....
Despite the sizable dilution, the RIOT stock price has not moved much at the time of publication. In a document filed with the United States Securities and Exchange Commission (SEC) on Thursday, Bitcoin (BTC) mining company Riot Blockchain announced that it would be selling up to $500 million worth of common stock to finance general corporate expenses, such as working capital, repayment of corporate obligations, capital expenditures and acquisitions, and investing in existing and future projects. After the offering, the company would have more than 139 million units of common stock....
Public mining firm Riot Blockchain has more than tripled its year-to-date Bitcoin production. U.S.-based publicly listed mining firm Riot Blockchain has revealed that its year-to-date Bitcoin production has more than tripled compared to 2020.According to a Oct. 6 announcement, Riot has mined 2,457 BTC (roughly $135 million) during 2021 so far — a 246% increase compared to the same period of the previous year. Production for September has more than quadrupled year-over-year, with Riot mining generating 406 Bitcoin last month compared to 91 BTC for September 2020. As of Sept. 30, 2021, Riot....
Shares of the mining company surged to $6.60 Friday.
Shares of the mining company surged to $6.60 Friday.