Riot Blockchain Releases Q2 Bitcoin Mining Update – Bitcoin Magazine

  • Riot has increased its mining fleet to over 44,000 miners and still has more than 3,000 to deploy.
  • The company’s bitcoin output is up 107% year-over-year.
  • The $14 million bitcoin sale and 30 million share offering solidified the company’s cash position.

Bitcoin Miners Violence release it Q2 bitcoin production and mining update on Tuesday, this highlights ongoing investment trends in the bitcoin mining industry, but Riot’s investment has to pay for expansion while others just need to maintain buoyancy.

Notably, Riot has increased BTC production year-on-year by 107%, resulting in the production of 1,395 BTC worth about $34 million at press time, as opposed to last year’s 675 BTC, which is roughly the same amount. about 16 million dollars.

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