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Bitcoin miner Riot Platforms has withdrawn its initial offer to acquire its Canadian rival, Bitfarms.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 ...
