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Riot Blockchain Buys 66,560 Bitcoin Mining Rigs in $290.5 Million Deal with MicroBT
5.12.2023
Source: AdobeStock / Photocreo Bednarek Bitcoin miner Riot Blockchain has announced its purchase of 66,560 bitcoin mining rigs from MicroBT, marking one of the largest orders in the company’s history. Riot Blockchain is set to acquire 66,560 Bitcoin miners from manufacturer MicroBT in one...
Bitcoin Miner Riot Secures 66,560 Microbt ASIC Miners to Boost Hashrate by 18 EH/s
5.12.2023
The bitcoin mining corporation Riot Platforms, a publicly traded firm within the industry, recently announced a significant expansion of its operations. The firm has completed its largest-ever acquisition of application-specific integrated circuit (ASIC) miners, securing 66,560 units...
Amazon Games Lays Off 180 Employees
13.11.2023
Another day, another round of video game industry layoffs. This time Amazon is laying off roughly 180 employees from its gaming division, as confirmed in an internal email from Christoph Hartmann, VP of Amazon Games.Read more
Today in Crypto: Mining BTC For Free, Bitdeer is Preferred CSP in NVIDIA Partner Network, Gucci in The Sandbox
10.11.2023
Source: AdobeStock / Tim Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Mining news A public mining company mined bitcoin for free in Q3, according to the latest Miner Weekly report...
U.S. Crypto Stocks Ride BTC Momentum in Pre-Market Trading
9.11.2023
COIN, MSTR, HOOD and mining stocks were all showing upward movement in pre-market trading after BTC rose to its highest level in 18 months
Riot Platforms Reports Q3 Results: Generates 1,106 Bitcoins and Raises Over $200 Million
9.11.2023
Source: AdobeStock / Photocreo Bednarek Bitcoin mining company Riot Platforms has released its financial report for the third quarter, showcasing notable improvements despite missing earnings and sales estimates. Per the report, Riot Platforms generated 1,106 Bitcoins during the quarter, marking...
Marathon, Riot among most overvalued Bitcoin mining stocks: Report
8.11.2023
Bitcoin mining analyst Jaran Mellerud said there are “better-priced opportunities” that could even out the valuation discrepancies between the mining stocks
Quality Bitcoin Mining Stocks Offer a Good Way to Gain Exposure to the Next Bull Run: Bernstein
31.10.2023
Bernstein expects bitcoin to rise to a high of $150,000 in the 2024-2027 cycle, the report said
Bitcoin Mining Industry Is at a ‘Crucible Moment,’ JPMorgan Says
11.10.2023
The bank initiates research coverage of CleanSpark (top pick), Marathon Digital, Riot Platforms and Cipher Mining
Bitcoin miners Marathon, Riot, CleanSpark increase BTC output in September
5.10.2023
Marathon Digital, in particular, produced 1,232 Bitcoin in September, which accounted for a record 4.3% share of Bitcoin miner rewards
EA Lays Off Half The Staff Behind Magical FPS Game After Low Sales
14.9.2023
On August 22, Immortals of Aveum was released on Xbox, PlayStation, and PC. Three and a half weeks later, around half of the staff who worked on the game have reportedly been laid off after it failed to sell enough copies to satisfy its publisher. It’s yet another round of layoffs to hit the game...
Crypto Firm Riot Defends Texas Power Strategy After Headlines Claim State ‘Paid’ Miner
10.9.2023
Bitcoin mining company Riot Platforms is defending its participation in Texas’ electricity market programs after recent headlines claimed the state ‘paid’ the miner over $30 million to reduce power in August. Riot Platforms Sets the Record Straight In a statement released Friday, the Nasdaq-listed...
‘I’m Bullish on Bitcoin’ — Ted Cruz Champions Bitcoin’s Boon for Texas and Power Grid Boosts
9.9.2023
Ted Cruz, the U.S. Republican senator from Texas, expressed his optimism on Friday, stating he’s “bullish on bitcoin,” after a recent interview with Forbes released on September 8. During the conversation, Cruz highlighted emerging reports indicating that bitcoin mining...
Riot Showcases Demand Response Strategy: Bitcoin Mining’s Role in Strengthening Texas Energy Grid
7.9.2023
Bitcoin mining aided the Electric Reliability Council of Texas, or ERCOT, when the bitcoin mining company Riot Platforms reduced its power usage amid a Texas summer heatwave. Riot said in its most recent production and operations update that it received $31.7 million in power and demand response...
Bitcoin Miner Riot Platforms Smart Energy Strategy Yields $31 Million in Savings
7.9.2023
Prominent Bitcoin (BTC) mining firm Riot Platforms has reported significant cost savings and operational achievements due to an innovative energy strategy that saved the firm around $31 million in August alone.
In a press release from Wednesday, CEO Jason Les announced that Riot achieved a...
Riot Platforms says Texas energy strategy reduced production costs by $31M
6.9.2023
As Texas baked in the sun, Riot Platforms received two types of monetary credit for being attentive to the grid’s power needs
Arcane Season 2 Will Reportedly Release Winter 2024
1.9.2023
The second season of Netflix’s popular League of Legends animated series, Arcane, is reportedly expected to release sometime towards the end of next year.Read more
Ben Affleck Sounds Incredibly Bummed About Valorant Nerfs
29.8.2023
Riot Games’ free-to-play tactical hero shooter Valorant nerfed a bunch of characters in its latest update, and actor Ben Affleck doesn’t sound too happy about the tweaks made to one of the game’s most goated characters.Read more
The Next Big Wave Of Video Game Layoffs Is Here [Update]
24.8.2023
Despite a booming job market overall, 2023 kicked off with the biggest tech companies laying off thousands of employees. Cuts at Microsoft hit Halo Infinite devs at 343 Industries and other game teams across the company, including at Bethesda. Months later, layoffs are continuing across other...
What are the 3 assets most correlated with Bitcoin?
23.8.2023
Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different