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Riot Blockchain, a Nasdaq-listed cryptocurrency mining company, has inked another deal with Chinese mining giant Bitmain to buy 15,000 Antminers. According to a Dec. 21 announcement, the Colorado-based firm expects the new purchase will contribute a 65% increase to its total Bitcoin (BTC) mining hash rate.The purchase cost Riot $35
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Shareholders of publicly traded bitcoin mining companies enjoyed record monthly gains as the leading cryptocurrency reached a new all-time high Monday morning.Castle Rock, Colo.-based mining firm Riot Blockchain (RIOT) ended November with a 160% gain trading at $8.45 per share. Las Vegas-based Marathon Patent Group (MARA) also soared over 190%
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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
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As bitcoin continues surging toward record highs, bitcoin mining companies ride its coattails. Shares of the publicly traded bitcoin mining company Riot Blockchain rose 50% this week, trading hands just below $6.00 at week’s end. Bitcoin gained nearly 17% over the same period. Riot shares surged even higher in early hours Friday,
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As bitcoin continues surging toward record highs, bitcoin mining companies ride its coattails. Publicly traded bitcoin mining company Riot Blockchain rose 50% this week, trading hands just below $6.00 at week’s end. Bitcoin gained nearly 17% over the same period. Shares of the Castle Rock, Colo.-based firm surged even higher in early
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Riot reported a current mining capacity of 556 peta hash per second. Source
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The publicly traded bitcoin miner aims to quadruple its current hashrate by mid-2021. Source
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Castle Rock, Colo.-based cryptocurrency miner Riot Blockchain reported earnings for the June quarter Monday, noting a decrease in mining revenue from a year ago. Update (August 11, 19:56 UTC): This article has been updated to reflect 227 bitcoins mined in the Q2, not 508 as was previously reported. Current mining capacity was
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The share price of Bitcoin (BTC) mining firms Riot Blockchain and Hive Blockchain has produced enormous year-to-date (YTD) gains, with stock in Riot nearly doubling while Hive tripled over 2020 so far.However, not all mining firms have fared well throughout the COVID-19 pandemic, with Canaan’s stock falling nearly 70% since
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