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CryptoCurrency
Riot Pivots to Electricity and HIVE to AI as Bitcoin Mining Profits Plummet
Crypto miners are reporting lower BTC production output.
In the search for revenue, they sell electricity or computing power to AI firms.
Thursday, 07/09/2023 | 08:49 GMT
by
Damian Chmiel
CryptoCurrency
Bitcoin Miners Face a $2.8 Billion Nightmare and Lowest Revenues in a Month
Bitcoin's flash crash negatively affected the performance of mining companies.
In addition, their revenues fell to monthly lows.
Thursday, 24/08/2023 | 11:54 GMT
by
Damian Chmiel
CryptoCurrency
Crypto Winter’s Chilling Aftermath: Galaxy Digital and Riot Blockchain Report Q2 Losses
Both companies reported a net loss in the last quarter.
However, Riot increased its hash rate, and Galaxy boosted its AM revenue sixfold.
Thursday, 10/08/2023 | 07:56 GMT
by
Damian Chmiel
CryptoCurrency
Crypto Stocks Suffer Due to Low Bitcoin Prices and Escalating Hacks and Exploits
The shares of Coinbase, Bitfarms, and Riot Platforms are among those affected.
DeFi platform Curve Finance recently fell victim to an exploit.
Tuesday, 01/08/2023 | 15:47 GMT
by
Jared Kirui
News
Riot Blockchain Reports 189% Increase in BTC Production for February 2022
The company has expanded its mining capabilities.
For the reported period, Riot produced 436 BTC.
Friday, 04/03/2022 | 08:15 GMT
by
Bilal Jafar
CryptoCurrency
Riot Blockchain Announces 458 Bitcoins Mined in January 2022
Riot Blockchain mined 458 Bitcoins in January 2022, 7.8% up from December 2021
The mining firm expects to increase its hashrate capacity of around 12.8 EH/s
Sunday, 06/02/2022 | 10:17 GMT
by
Nicholas Otieno
News
Riot Blockchain Q2 Revenue Jumps by 1,540%
The firm mined 675 Bitcoins in the three month period.
Tuesday, 24/08/2021 | 06:24 GMT
by
Arnab Shome
ADVERTISEMENT
Executive Moves
Riot Blockchain Appoints New Exec Chairman, Announces Two Other Staff Moves
Lance D’Ambrosio has been elected to the US-listed Bitcoin mining company's Board of Directors.
Monday, 24/05/2021 | 22:26 GMT
by
Felipe Erazo
News
Riot Blockchain Buys America's Largest Bitcoin Mining Facility for $651M
The facility is now producing 300 mW of power, which can be upped to 750 mW.
Thursday, 08/04/2021 | 15:30 GMT
by
Arnab Shome
News
BTC Mining Firm Riot Blockchain Partners with Bitmain
Riot Blockchain will purchase 42,000 mining machines from Bitmain technologies.
Thursday, 08/04/2021 | 08:32 GMT
by
Bilal Jafar
News
Riot Blockchain Spends $35 Million for New Batch of Antminers
Full deployment of the miners will expectedly increase its hash rate by 65 percent.
Tuesday, 22/12/2020 | 10:42 GMT
by
Arnab Shome
CryptoCurrency
Riot Blockchain Boosts Hash Rate By 45% with 1,000 New Antminers
The firm deploys its first tranche of 1,000 Antminers S19 Pros, expects hash rate to tag 357 petahashes per second.
Friday, 17/07/2020 | 08:36 GMT
by
Finance Magnates Staff
CryptoCurrency
Riot Blockchain Relocates 4,000 Bitmain S17 Pro Miners to Massena, New York
The crypto mining company continues optimazation with transition to Coinmint
Thursday, 11/06/2020 | 08:45 GMT
by
Finance Magnates Staff
News
Riot Blockchain Buys Another 1,000 Antminer S19 Pro for $2.3M
The mining company purchased a total of 3,040 miners, S19 Pro and S19 combined.
Thursday, 04/06/2020 | 07:00 GMT
by
Arnab Shome
ADVERTISEMENT
News
Riot Blockchain Adds Another 1,040 Bitmain S19s to Its Arsenal
The company added a total of 2,040 Antminers and will deploy them by Q3 2020.
Friday, 08/05/2020 | 12:42 GMT
by
Arnab Shome
News
Riot Blockchain Buys 1,000 Bitmain Miners for $2.4 Million
The mining company purchases next generation S19 Pro Antminers
Friday, 01/05/2020 | 15:48 GMT
by
Finance Magnates Staff
News
Riot Blockchain Shutters Crypto Exchange, Expands Mining Operation
The company has extended its operation with a new facility with a capacity of 4,000 S17 Antminers.
Friday, 21/02/2020 | 11:57 GMT
by
Arnab Shome
News
Riot Blockchain's US-Focused Crypto Exchange to Launch by July
The company first hinted that it would open a crypto exchange last March.
Monday, 18/03/2019 | 08:06 GMT
by
Rachel McIntosh
Regulation
Biotech Billionaire Settles with SEC over Crypto P&D Scheme
The SEC’s case against Phillip Frost involves the biotech-turned-blockchain company Riot Blockchain.
Tuesday, 01/01/2019 | 21:10 GMT
by
Aziz Abdel-Qader
News
John McAfee Among Defendants Named in Pump and Dump Lawsuit
John McAfee and a firm where he once worked are being sued by investors over an SEC investigation into that firm's ex-CEO.
Wednesday, 03/10/2018 | 11:47 GMT
by
Simon Golstein
News
Analysis: Global Regulatory Backlash Against Cryptocurrency-Themed Rebranding
US and South Korean watchdogs begin investigating companies that change their names to pump their stock.
Monday, 26/02/2018 | 18:31 GMT
by
Simon Golstein
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