Jason Les News

01.08 / 07:15

COST BLOCK Platform Bitcoin reports Riot Platforms Riot Platforms Reports Q2 Loss After Bitcoin Halving

Bitcoin mining firm Riot Platforms reports a total revenue of $70.0 million from the $76.7 million recorded in the same period last year. The drop is due to the Bitcoin halving event in April.

25.07 / 23:53

CEO Platform Strategy Bitcoin Bitfarms rights Riot Platforms Bitfarms Adopts New ‘Poison Pill’ Strategy After Tribunal Sides with Rival Riot Platforms

Bitfarms, a prominent Bitcoin mining firm, has adopted a new ‘poison pill’ strategy following the Ontario Capital Markets Tribunal’s termination of its initial plan to fend off a hostile takeover attempt by rival Riot Platforms.

25.07 / 07:04

BLOCK Platform Strategy Bitcoin prevention Bitfarms Riot Platforms Canadian Tribunal Strikes Down Bitfarms’ Poison Pill Against Riot Platforms

Bitcoin miner Riot Platforms said Wednesday that a Canadian tribunal terminated Bitfarms’ “poison pill” strategy to block its acquisition. It means Bitfarms can no longer use this tactic to prevent a hostile takeover.

19.07 / 19:16

Bitcoin Donald Trump Seeks $844,600 for Fundraiser Seat at Bitcoin Event

Donald Trump is hosting a private fundraiser at the Bitcoin Conference 2024, offering various funding options for attendees.

12.06 / 11:51

MET Digital Matthews President love Bitcoin Trump would back Bitcoin over Fed-backed crypto

Several Bitcoin miners met with former president Donald Trump at Mar-a-Lago on Tuesday night, according to Matthew Schultz, executive chairman at crypto mining company CleanSpark Inc.

12.06 / 08:59

Bitcoin Trump Declares ‘Love’ and Understanding Of Crypto At Bitcoin Miners Meet

Several crypto miners gathered at Mar-a-Lago on Tuesday night to meet with presidential candidate Donald Trump, who promised to advocate for them internationally.

02.05 / 08:35

BTC Platform Research Bitcoin reports Riot Platforms Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations

Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year.

17.04 / 08:27

Blockchain Digital CEO Bitcoin Halving Updates Bitcoin Mining Stocks Plummet as Miners Face Reduced Revenue Post Halving

Bitcoin mining companies are experiencing a significant decline in their stock prices as they face reduced revenue due to an upcoming code update for the largest cryptocurrency.

23.02 / 23:33

Lawsuit EIA Riot Platforms Riot Platforms Made Over $280 Million Last Year, New Annual Report Reveals

Bitcoin mining operation Riot Platforms made over $280 million last year alone, the company’s 2023 annual report released Thursday, February 22, reveals.

23.02 / 08:35

COST BTC Platform crypto mining Bitcoin Bitcoin Mining Firm Riot Rakes in Record $281M in Revenues in 2023, Producing 6,626 BTC

Bitcoin (BTC) mining firm Riot Platforms achieved impressive results in 2023, with total revenues reaching an all-time high of $281 million.

05.12 / 06:59

Riot Blockchain Buys 66,560 Bitcoin Mining Rigs in $290.5 Million Deal with MicroBT

Bitcoin miner Riot Blockchain has announced its purchase of 66,560 bitcoin mining rigs from MicroBT, marking one of the largest orders in the company’s history.

09.11 / 06:29

Extreme Platform Strategy Bitcoin reports Riot Riot Platforms Riot Platforms Reports Q3 Results: Generates 1,106 Bitcoins and Raises Over $200 Million

Bitcoin mining company Riot Platforms has released its financial report for the third quarter, showcasing notable improvements despite missing earnings and sales estimates.

07.09 / 18:33

COST Mining Platform Strategy Bitcoin Riot Riot Platforms Bitcoin Miner Bitcoin Miner Riot Platforms Smart Energy Strategy Yields $31 Million in Savings

Prominent Bitcoin (BTC) mining firm Riot Platforms has reported significant cost savings and operational achievements due to an innovative energy strategy that saved the firm around $31 million in August alone.

06.09 / 19:21

Bitcoin Riot Costs Riot Platforms Riot Platforms says Texas energy strategy reduced production costs by $31M

Bitcoin miner Riot Platforms mined fewer Bitcoin (BTC) in August than July, but received over $31 million in power credits. That is the equivalent of around 1,136 BTC, CEO Jason Les pointed out in a statement.

30.06 / 14:53

Provident Manufacturing CEO Landmark Platform Bitcoin Riot acquires Riot Acquires Next-Gen Miners from MicroBT, Boosting Mining Capacity

Riot Platforms, Inc. (NASDAQ: RIOT), a prominent player in the Bitcoin mining and data center hosting industry, has made a groundbreaking move by entering into a long-term purchase agreement with MicroBT Electronics Technology Co., LTD. This landmark deal involves the acquisition of 33,280 state-of-the-art Bitcoin miners manufactured in the United States by MicroBT. The agreement also includes an option for Riot to purchase an additional 66,560 miners on the same terms.

15.02 / 01:51

Blockchain BTC Platform RIG ICE Bitcoin Riot Riot Blockchain's Texas Mining Operations Disrupted by Winter Storms

The cryptocurrency mining company Riot Platforms, previously known as Riot Blockchain, has announced that 17,040 rigs that were installed at its facilities in Texas have been rendered inoperable as a result of the «extreme winter weather» that has been experienced in Texas.

07.02 / 01:11

business Mining Environment reports Riot Riot reports 17K miners offline due to Texas weather

Crypto mining firm Riot Platforms — formerly Riot Blockchain — reported that 17,040 rigs deployed at its operations in Texas were offline due to “severe winter weather” in the state.

19.08 / 01:13

Government regulation Environment lawmakers Consumption US lawmakers US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption

Four members of the United States House of Representatives from the Energy and Commerce Committee have demanded answers from four major crypto mining firms in regards to the potential effects of their energy consumption on the environment.

06.08 / 01:55

business Energy Consumption Texas Power Bitcoin production Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts

Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid.

03.08 / 20:53

business Mining Texas Riot Riot Blockchain's Bitcoin mining productivity dropped 28% YOY amid record Texas heat

Crypto mining firm Riot Blockchain reported it produced fewer Bitcoin (BTC) in July 2022 than that in July 2021 after scaling down operations at its Texas facility.

07.07 / 00:11

business Mining Texas Riot Coming to Texas: Riot Blockchain announces plans to move NY miners to Lone Star State

Crypto mining firm Riot Blockchain said it has begun relocating rigs from its New York data facility, with the majority intended to end up in central Texas.

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