Bitcoin Mining Company Riot Blockchain Passes $1B in Market Cap
Riot's value was less than $50 million when it started mining bitcoin three years ago.
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While bitcoin’s value has captured new all-time price highs, a number of publicly listed bitcoin mining operations have seen significant profits. The U.S.-based firm Riot Blockchain’s market valuation recently obtained a $1 billion capitalization. Meanwhile, a number of other bitcoin mining business operations have seen colossal demand for company shares. Riot Blockchain, Inc. (Nasdaq: RIOT) shares have increased a great deal and the company has recently captured a $1 billion market capitalization. After trading for $3.47 per unit during the first week of November 2020, shares....
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....
In April, Bitcoin mining company Riot Blockchain announced its ambitious plans to expand their operations and light up over 200,000 homes in Corsicana, Texas. Riot Blockchain is one of the biggest mining operators backed by a 400 MW facility that can be found in Rockdale, Texas. The company recently revealed that they’re now expanding to […]
Bitcoin mining firm Riot Blockchain announced its milestone purchase of $138.5 million in mining equipment this Wednesday. In a statement, the company announced that it will be purchasing 42,000 units of Bitmain’s Antminer S19J for $3,300 per unit. The standard hash rate of the model is 90 TH/s — meaning that Riot would be paying approximately $36 per TH/s of computing power. The global chip shortage and rising demand for crypto mining have led mining […]
North American bitcoin mining company Riot Blockchain will purchase 42,000 bitcoin mining rigs, upping its hash rate to 7.7 EH/s.