Riot Platforms
Bitcoin Miner Riot Platforms' Output Drops 11% From January as Volatility Rises
- Despite the monthly drop, Riot’s February output rose 12% compared to 418 Bitcoin in February 2024.
- Bitcoin prices dropped 9% to $81,000 today (Tuesday), erasing gains from Trump’s U.S. crypto reserve announcement.
Tuesday, 04/03/2025 | 15:44 GMT by
Jared Kirui
This Wall Street Bitcoin Miner Just Hoarded $1.65 Billion in BTC
- Riot Platforms achieved record revenue of $376.7 million and grew its Bitcoin holdings to 17,722 coins in 2024 despite industry challenges.
- The company is now exploring AI and high-performance computing opportunities to fight the rising competition and hash rate.
Tuesday, 25/02/2025 | 07:18 GMT by
Damian Chmiel
Meta and Microsoft Expert to Help Bitcoin Miner Riot Enter AI World, $38B at Stake
- Riot Platforms appoints three new board members with AI and data center expertise, including Doug Mouton from former Facebook.
- The company is investigating the conversion of its Bitcoin mining facilities for artificial intelligence applications.
Thursday, 13/02/2025 | 07:50 GMT by
Damian Chmiel
Bitcoin Miners from Wall Street Pivot to AI as Bitcoin Operations Face Headwinds in 2025
- Major U.S. Bitcoin miners reported mixed production results for January, with weather challenges impacting operations.
- In the meantime, they are pivoting towards infrastructure optimization and exploring AI opportunities.
Wednesday, 05/02/2025 | 06:57 GMT by
Damian Chmiel
Wall Street Bitcoin Miners Report Lower November Production Despite BTC Rising to $100,000
- Major BTC miners reported mixed November production results amid a 7% network difficulty increase.
- Although production declined for the 5th consecutive month, higher crypto prices led to a nearly 25% increase in revenue.
Wednesday, 04/12/2024 | 08:02 GMT by
Damian Chmiel
3rd Largest Wall Street Bitcoin Miner Raises Bitfarms Stake, Takeover Defense Intensifies
- Riot Platforms has increased its stake in rival platform to 18.9%, continuing its push for board changes.
- The move follows Bitfarms' rejection of Riot's earlier acquisition offer.
Wednesday, 14/08/2024 | 06:59 GMT by
Damian Chmiel
3rd Largest Bitcoin Miner on Wall Street Acquires Crypto Competitor for $93 Million
- Riot Platforms purchased Block Mining this week after an unsuccessful attempt to acquire Bitfarms.
- The BTC producer increased their potential power capacity to 2 gigawatts.
Thursday, 25/07/2024 | 10:40 GMT by
Damian Chmiel
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