Riot Platforms announced that it sold 475 BTC in April, generating $38.8 million in proceeds. This marked the largest single-month Bitcoin liquidation in the company’s history, as revealed in Riot’s monthly production and operations update. Of the 475 BTC sold, 463 were newly mined during April, with the remaining 12 ...
Ripple CEO Brad Garlinghouse responded to the accusations by Pierre Rochard, Vice President at Riot Platforms, that Ripple is leading a lobbying campaign to block the launch of the Strategic Bitcoin Reserve initiative in the United States. Garlinghouse argued that Ripple’s efforts could increase the likelihood of a Strategic Bitcoin ...
Riot Platforms, a leading player in Bitcoin infrastructure, has acquired 705 Bitcoins for about $68.45 million in a transaction completed earlier today, according to data from Arkham Intelligence. The transaction involved $68.26 million worth of Bitcoin, distributed across six wallets. This amount originated from five unidentified sources, with a smaller ...
Riot Platforms, a leading Bitcoin mining company, reported a total revenue of $70.0 million for the second quarter of 2024, a decline from $76.7 million in the same period last year. This decrease was attributed to the Bitcoin halving event in April, which significantly reduced the block rewards for miners.However, ...
Bitcoin miner Riot Platforms has withdrawn its initial offer to acquire its Canadian rival, Bitfarms. However, according to a release published Monday, June 24, Riot is now pushing for a reconstitution of Bitfarms' board. Riot has proposed a Special Meeting to allow Bitfarms shareholders to vote on the removal of ...
Riot Platforms' $950 million buyout offer for Canadian Bitcoin miner Bitfarms has been met with strong resistance. Bitfarms' stakeholders and special committee deemed the offer undervalued and not in the best interests of shareholders. This has escalated into a battle for ultimate ownership between the two Bitcoin mining companies. Bitfarms ...
On May 1, 2024, Bitcoin mining firm Riot Platforms published its 2024 first-quarter financial results report, revealing a net income of $211.8 million—a 1,000% increase from last year. The company's success was driven by a 55.4% spike in mining revenue, reaching $74.6 million, primarily fueled by a 131% surge in ...
