Riot revenue rises 65% from 2023 but says hashrate plans hampered
Riot has reduced its hashrate projections due to delays in expansion at its recently acquired Kentucky facility. Go to Source
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Riot Pushes for Overhaul at Bitfarms Ahead of Key Shareholder Meeting
Riot Platforms Inc., the largest shareholder of bitcoin mining firm Bitfarms Ltd. with a 19.9% stake, issued an open letter calling for significant changes to Bitfarms’ governance ahead of the Oct. 29 special meeting. Riot criticized recent board changes as insufficient, emphasizing the need for independent directors to enhance shareholder value. The letter highlights concerns … Read more
Bitcoin Miner Bitfarms to Acquire Stronghold Digital Mining in $125 Million Merger
On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfolio in the U.S. and integrate power generation capabilities … Read more
Bitfarms calls October shareholder meeting amid attempted Riot takeover
Riot Platforms holds just under a 15% stake in Canadian mining firm Bitfarms and hopes to replace key board members with picks seeming favorable to its interests. Go to Source
Riot Platforms bounces after damning report claiming collapse
Riot shares recovered from more than a 9% dip in the first hour of trading following a damning report from short seller Kerrisdale Capital. Go to Source
Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving
As we near the anticipated fourth Bitcoin halving event, there are only 1,133 blocks left until we reach block 840,000, with the milestone expected to occur in about a week. Recent data from theminermag.com’s Miner Weekly on Thursday shows that bitcoin miners are conserving their reserves as the event draws close. With Halving on Horizon, … Read more
Texas Blockchain Council and Riot Secure Legal Victory in Bitcoin Mining Data Collection Lawsuit
In a landmark ruling, the Texas Blockchain Council (TBC) and Riot Platforms Inc. have triumphed in their lawsuit against the Biden administration, successfully halting the data collection efforts on bitcoin mining operations. TBC and Riot Platforms Win Case Against Bitcoin Mining Data Survey The United States District Court for the Western District of Texas has … Read more
Riot Platforms Highlights Risks Associated With Upcoming Bitcoin Halving Event in Annual Report
In its latest annual report, Riot Platforms, the publicly-listed bitcoin mining firm, outlines several significant risks that could impact its operations, including troubles in the broader crypto economy, potential decreases in onchain transaction fees, and the anticipated bitcoin halving event in April 2024. The company emphasizes the halving event’s potential to reduce mining rewards as … Read more
Legal Action Forces US Energy Department to Suspend Crypto Mining Investigation
Following legal action initiated by Riot Platforms and the Texas Blockchain Council against the U.S. Department of Energy (DOE), the department’s statistical branch, the Energy Information Administration (EIA), has put a temporary hold on its bitcoin mining survey and quarantined the data gathered to date. DOE Puts Bitcoin Mining Inquiry on Hold Amid Legal Challenges … Read more
Riot and Texas Blockchain Council Challenge US Government’s Bitcoin Mining Data Request in Court
The publicly listed mining firm Riot Platforms and the Texas Blockchain Council have initiated legal proceedings against the U.S. Department of Energy (DOE) and other federal entities, aiming to obstruct what they deem an unauthorized data collection effort targeting the bitcoin mining industry. The legal battle underscores the escalating tension between bitcoin mining operations and … Read more
