According to a recent analysis by crypto analyst Ali, on January 12, the Bitcoin Miners’ Position Index (MPI) surged to a notable high of 9.43. This development has raised concerns among cryptocurrency enthusiasts as it suggests that miners have been actively moving more Bitcoin (BTC) than the usual trend, possibly indicating an inclination towards selling. […]
Riot
Riot Revenues Rocket 12%, Hash Rate Surges 95%
Riot Platforms, a leading Bitcoin mining company, reported strong financial results for the third quarter of 2023, with revenue increasing to $51.9 million and hash rate capacity growing to 10.9 EH/s. The company also expanded its power strategy, which helped to drive down its average cost to mine Bitcoin to $5,537 per Bitcoin. The mining […]
Bitcoin Mining Giant Riot Platforms Narrows Losses
In a compelling turn of events, Riot Platforms, a prominent Bitcoin mining firm based in Colorado, has reported a remarkably narrowed net loss for the second quarter of this year, a stark contrast to the dire situation faced by the industry during the same period in the previous year. The company’s latest earnings report unveiled […]
Bitcoin Miner Riot Makes A Splash With $162.9M Purchase Of 33,280 Mining Machines
Riot, the renowned mining company in North America, has made headlines with its recent acquisition of 33,280 cutting-edge Bitcoin mining machines. The company has entered into a long-term purchase agreement with MicroBT Electronics Technology Co., LTD, a prominent manufacturer of Bitcoin miners based in Shenzhen, China. However, these specific mining machines will be produced in […]
Bitcoin Miner Riot Reports $260M In Revenue & 46% Rise In Production
Riot Platforms, one of the largest Bitcoin mining companies in North America, has released its financial report for the full year that ended December 31st, 2022. The report showcases Riot’s impressive growth and financial strength, but it also includes some concerning news. The company’s financial report showed that it had $230 million in cash, no […]
Bitcoin Mining In 2023 Kicks Off with Surging Production & Hashrate: Report
Bitcoin miners had a strong start to 2023, with many companies reporting significant growth in their production and hashrate from December to January. The Hashrate index, which said that it would release a monthly article summarizing the production updates of public miners, revealed that the rebound in mining stocks was due to the 40% increase […]