Riot Blockchain
Marathon Digital Cut to Neutral at B. Riley on Bitcoin Price Declines
Riot Blockchain is the best-positioned miner amidst the current market volatility, B. Riley said in a new report.
Bitcoin Mining Stocks Decline Over 50%
Bitcoin mining stocks like Riot Blockchain (RIOT) and Marathon Digital (MARA) declined by more than 50% on average as BTC’s price slumped following last year’s bull run. Data suggests bitcoin supply held in miner addresses have mainly been net outflows since April. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Tough Time for Miners: NY Passes Moratorium; Riot Blockchain Sells More Bitcoin
Miners are facing new headwinds amid the market downturn. Riot Blockchain (RIOT) is unloading more than half of the bitcoin it mined in May. Separately, the New York State Senate passed a bitcoin mining moratorium, barring new proof-of work (PoW) mining operations powered by carbon-based energy sources for two years.
Riot Blockchain Sells More Bitcoin, Trims Hashrate Guidance
It’s the miner’s third consecutive month of bitcoin sales.
Bitcoin Miner Riot Blockchain Names Its Head of Corporate Operations as New CFO
Current CFO Jeff McGonegal will retire and move into a new role as senior advisor of the miner in mid-August.
Bitcoin Miner Riot First-Quarter Revenue Misses Estimate
The miner reiterated its hashrate guidance of 12.8 EH/s
Riot Blockchain Sells Nearly Half of April’s Bitcoin Production
The company raised $10 million with the sale of 250 bitcoins.
Battered Bitcoin Miners Increasingly Turn to Debt Financing
Raising debt rather than equity to fund growth is being seen as more attractive, analysts say, but not everyone has the option.
Riot Blockchain to Develop 1GW of Bitcoin Mining Capacity in Texas
The company said the expansion will occur in phases and bring Riot’s total capacity to 1.7 GW.
Riot Blockchain Bitcoin Mined Rises to 511 in March
The company also sold 200 bitcoin during the month, raising $9.4 million.
