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Riot Platform inc., one of North America’s largest bitcoin (BTC) mining companies, released its 2022 annual financial report indicating a net loss of $509.6 million. According to the annual report released on March 2, the company suffered significant non-cash impairment charges. Non-cash impairment charges are accounting expenses not settled in cash
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Crypto mining in Kazakhstan is likely to be hurt after protesters stormed government buildings to complain about surging energy costs, leading the country’s largest telecommunications provider to shut down access to the internet.Bitcoin mining found a home in Kazakhstan after China’s clampdown on the industry last year. It was second
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The death of George Floyd ignited nationwide protests, which have been accompanied by more violent riots. Historically, riots of this scope indicate a shifting sentiment that eventually shows up in the economy and the stock market. This could be an ominous warning for the stock market recovery. America is burning. As the country
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Riot Games new competitive shooter Valorant could suffer from a player endorsement issue. The Overwatch League code of conduct has previously barred players from endorsing other, non-Blizzard games. If Blizzard revives this clause, it could potentially threaten the success of the new Riot Games title. Riot Games has now
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Riot Blockchain, a Nasdaq-listed crypto firm in the United States, plans to sell its exchange to focus on Bitcoin (BTC) mining ahead of the halving.According to an official announcement on Feb. 20, Riot has “opted to sunset further development of Riot's U.S.-based digital currency exchange” in order to focus
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Digital currency mining firm Riot Blockchain has begun deploying around 3,000 new units of S17 Pro Antminers as part of the full upgrade of its Oklahoma City mining facility.Per a Jan. 8 press release, Riot now operates nearly 3,000 more S17 Pro Antminers it purchased from Chinese mining giant
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