Riot Blockchain (RIOT), a bitcoin miner, mined 511 bitcoin in March, up 176 percent from 185 a year ago. The corporation had 6,062 bitcoin on its balance sheet at the end of the month.
The company filed a shelf offering for up to $500 million in stock via a “at-the-market” program earlier this week.
During March, Riot got another 1,080 Bitmain S19j Pros, deployed 4,440 S19j Pros, and has another 5,030 units on the way. Bitmain has also delivered an additional 5,430 devices, which Riot expects to.
Riot will have a total of 53,379 miners working at a hash rate of around 5.4 EH/s once all of the above has been put to use. The business hopes to have a hash rate capacity of 12.9 EH/s by January of next year, assuming complete deployment of around 120,150 Antminer ASICs.
The stock is slightly higher in after-hours trading after falling 7% during the regular session amid a broad selloff in the bitcoin mining sector that saw Marathon Digital fall 9.2%, Hive Blockchain fall 5.2 percent, and Hut 8 lower by 5.8%.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Annie
CoinCu News
Consensys Linea Decentralization advances with the new Swiss-based Linea Association, promoting governance, growth, and a…
Uncover the tale of a meme aficionado who parlayed a modest Pepe Coin investment into…
With the cryptocurrency market positioning itself for an upsurge within the years 2024–2025, it is…
Bitcoin trading volume has surged to an all-time high of $145 billion in the last…
Italy considers lowering its proposed Italy crypto tax increase to 28% from an initial 42%,…
Bitcoin Spot ETF Inflows Hit $818M as Net Inflow Streak Extends to 5 Days, with…
This website uses cookies.