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Bitcoin Miner Riot Platforms Records Modest Revenue Gain Despite 36% Decrease in Mined BTC
3.5.2024
Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $73.2 million to $79.3 million. Remarkably, this was achieved even as Riot Platforms experienced a 36% decrease in...
Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations
2.5.2024
Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year.
The post Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations appeared...
Bitcoin miner Riot Platforms reports record $211M Q1 net income
2.5.2024
Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and expensive to mine
Bitcoin miner Marathon increases 2024 hash rate target to 50 EH/s
26.4.2024
If Marathon reaches its 50 EH/s target, it would mark more than a 100% increase in the firm’s hash rate since the start of 2024
League Of Legends Pro Suspended For Humping Teddy Bear On Stream
24.4.2024
League of Legends pro Lu ‘Leyan’ Jue said he was just rocking out with his favorite oversized plushie. But Riot Games felt differently and fined the Invictus Gaming jungler nearly $7,000 and suspended him for two matches over footage of him humping a giant stuffed animal of Lots-o’-Huggin’ Bear...
Bitcoin Miners Reap Windfall as 'Runes' Debut Sends Transaction Fees to Record Highs
21.4.2024
The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees
Bitcoin’s Outperformance Means Some of Expected Post-Halving Rally May Have Come Early: JPMorgan
17.4.2024
Recent weakness in bitcoin mining stocks ahead of the reward halving offers an attractive entry point for investors, the report said
Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving
12.4.2024
As we near the anticipated fourth Bitcoin halving event, there are only 1,133 blocks left until we reach block 840,000, with the milestone expected to occur in about a week. Recent data from theminermag.com’s Miner Weekly on Thursday shows that bitcoin miners are conserving their reserves...
How One Valorant Clip Kickstarted A Conversation About Sexism In Competitive Games
12.4.2024
Last summer, I reported on major studios’ valiant (but still lacking) efforts to combat toxic voice chat (of which women are often the target) in popular competitive games like Overwatch 2, Call of Duty, and Apex Legends. And though Riot Games, the studio behind the 5v5 competitive hero shooter...
Bitcoin Year-End Price Target Raised to $90K at Bernstein
21.3.2024
Riot Platforms & Reformed Energy seek to redefine Bitcoin mining energy
14.3.2024
Riot Platforms has partnered with Reformed Energy in an innovative effort to establish a new standard for sustainable energy solutions utilized in the Bitcoin mining industry. The eventual goal of this strategic alliance is to capitalize on Reformed Energy’s unique plasma gasification...
Texas Blockchain Council and Riot Secure Legal Victory in Bitcoin Mining Data Collection Lawsuit
3.3.2024
In a landmark ruling, the Texas Blockchain Council (TBC) and Riot Platforms Inc. have triumphed in their lawsuit against the Biden administration, successfully halting the data collection efforts on bitcoin mining operations. TBC and Riot Platforms Win Case Against Bitcoin Mining Data Survey...
U.S. Department of Energy Will Start Comment Period on Miner Survey Proposal
1.3.2024
The Energy Information Administration, a division within the Department of Energy, said it would solicit feedback on its crypto miner survey after coming to an agreement with the Texas Blockchain Council and Riot Platforms
Bitcoin Miner Riot Acquires 31,500 ‘Next Generation’ M60S Mining Machines Worth $97.4 Million
28.2.2024
Bitcoin miner Riot Platforms Inc. said it expects to take delivery as well as deploy 31,500 Whatsminer M60S miners worth $97.4 million by the end of July 2024. The addition of the new bitcoin mining machines is projected to increase the “self-mining” hashrate capacity of Riot’s...
Bitcoin Miner Riot Warns of Profit Risks Due to Chip Shortage and Climate Regulations
26.2.2024
On February 23, popular Bitcoin miner Riot Platforms issued a cautionary statement regarding potential profitability challenges in its business operations. The company cited various factors, including global supply chain disruptions, chip shortages, and increasing regulatory scrutiny around climate...
Riot Platforms Highlights Risks Associated With Upcoming Bitcoin Halving Event in Annual Report
26.2.2024
In its latest annual report, Riot Platforms, the publicly-listed bitcoin mining firm, outlines several significant risks that could impact its operations, including troubles in the broader crypto economy, potential decreases in onchain transaction fees, and the anticipated bitcoin halving event...
Legal Action Forces US Energy Department to Suspend Crypto Mining Investigation
24.2.2024
Following legal action initiated by Riot Platforms and the Texas Blockchain Council against the U.S. Department of Energy (DOE), the department’s statistical branch, the Energy Information Administration (EIA), has put a temporary hold on its bitcoin mining survey and quarantined the data...
Bitcoin Price Prediction: Riot’s 19% Surge & SEC’s ETF Review Signal Bullish Trends
24.2.2024
SEC's contemplation of Bitcoin ETF options by Bitwise and Grayscale could redefine investment strategies, marking a pivotal moment in crypto's mainstream acceptance.
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Riot Platforms Made Over $280 Million Last Year, New Annual Report Reveals
23.2.2024
Bitcoin mining operation Riot Platforms made over $280 million last year alone, the company's 2023 annual report released Thursday, February 22, reveals.
The post Riot Platforms Made Over $280 Million Last Year, New Annual Report Reveals appeared first on Cryptonews
Riot and Texas Blockchain Council Challenge US Government’s Bitcoin Mining Data Request in Court
23.2.2024
The publicly listed mining firm Riot Platforms and the Texas Blockchain Council have initiated legal proceedings against the U.S. Department of Energy (DOE) and other federal entities, aiming to obstruct what they deem an unauthorized data collection effort targeting the bitcoin mining industry....