Category: Riot Blockchain

Blockcap Mined $33M in BTC in First Quarter, Q1 Bitcoin Revenue Outshines US Competitors

The Texas-based Blockcap Incorporated revealed the blockchain and mining firm has mined approximately 544 bitcoins during the first quarter of 2021. Blockcap says the $33 million worth of bitcoin stems from the firm’s fleet of 12,176 mining rigs. Blockcap Rakes in 544 Bitcoins During the last three months, bitcoin (BTC) markets have seen phenomenal gains […]

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Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in Austin

The Lone Star State of Texas is solidifying its role as a bitcoin mining and blockchain hub. This week two major bitcoin mining companies established operations in Texas. The company Riot Blockchain purchased a mining site in Rockdale and the bitcoin mining firm Blockcap announced establishing headquarters in Austin. Blockcap Sets Up Headquarters in Austin, […]

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Bitcoin mining firm Riot Blockchain to acquire rival Whinstone for $651 million

Nasdaq-listed bitcoin mining firm Riot Blockchain is set to acquire rival Whinstone for $651 million. Announcing the news on Thursday, Riot said it has signed a definitive agreement with bitcoin mining hosting facility Whinstone for the deal, a mix of cash and stock. Riot will pay Whinstone owner Northern Data $80 million in cash and […]

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Riot Blockchain to spend $138.5 million on bitcoin mining hardware, with shipments scheduled through October 2022

Nasdaq-listed bitcoin mining firm Riot Blockchain has placed an order to buy bitcoin miners worth $138.5 million that will ship through October 2022. The firm said in a statement on Wednesday that it is buying 42,000 units of Bitmain’s AntMiner S19j at a cost of $3,300 per set, which means Riot is preordering the future […]

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Want a wilder ride than bitcoin? Try bitcoin mining stocks

Quick Take The gains made by publicly listed mining stocks in recent months have far outstripped those of bitcoin in percentage terms — and the losses tend to be steeper when BTC is dropping. How are investors valuing these stocks? How should they be? This feature story is available to subscribers of The Block Daily. […]

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Publicly traded crypto firms slide further after Monday’s $1 billion market cap loss

The stocks of U.S.-listed crypto mining and miner manufacturing firms followed bitcoin’s downward movement Monday’s trading session, market data shows. In all, these companies shed some $1 billion total from their market capitalizations. Bitcoin mining firms Marathon Patent Group, Riot Blockchain and Hive Blockchain closed out Monday with stock price decreases of 14.24%, 9.21% and […]

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Chinese Firm “The9” Files Agreement to SEC Disclosing Partnership with Crypto Mining Giants

The9, a US-listed internet, and mobile gaming firm based in Shanghai is all set to enter into the cryptocurrency mining industry and is looking to seek guidance from the best in the business. As per an SEC filing signed a legally binding “cooperation and investment” agreement with investors that include former directors of leading crypto […]

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Publicly-Listed Bitcoin Mining Operations See Shares Skyrocket, Riot Blockchain Market Cap Reaches $1B

Publicly-Listed Bitcoin Mining Operations See Shares Skyrocket, Riot Blockchain Market Cap Reaches $1B

While bitcoin’s value has captured new all-time price highs, a number of publicly listed bitcoin mining operations have seen significant profits. The U.S.-based firm Riot Blockchain’s market valuation recently obtained a $1 billion capitalization. Meanwhile, a number of other bitcoin mining business operations have seen colossal demand for company shares. Riot Blockchain, Inc. (Nasdaq: RIOT) […]

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Marathon Settles Record-Breaking ASIC Acquisition, Buys 70,000 High Performance Bitcoin Miners

Marathon Settles Record-Breaking ASIC Acquisition, Buys 70,000 High Performance Bitcoin Miners

On December 28, the publicly listed firm Marathon Patent Group announced the purchase of 70,000 Antminer S19 bitcoin miners from Bitmain for $170 million. Marathon expects the shipments to complete in 2021, giving the mining operation over a hundred thousand ASIC miners or more than ten exahash of hashpower. Marathon Patent Group, Inc. (NASDAQ:MARA) revealed […]

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