Riot Platforms Financial News

24.07 / 22:31

Bitcoin Miner Riot Platforms Riot Platforms Acquires Block Mining for $92.5M, Expands to 2 GW Capacity

Riot Platforms acquired Block Mining on July 24 for $92.5 million, greatly expanding its operational capacity and geographical footprint.

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.

13.07 / 12:05

BLOCK CEO Platform Strategy Bitfarms rights Riot Platforms Riot Platforms Launches Website to Advocate for Bitfarms Board Overhaul

Riot Platforms, a leading Bitcoin mining company, has launched a dedicated website to inform shareholders about corporate governance issues at Bitfarms and Riot’s plans to reconstitute the board. This move is part of Riot’s decisive strategy to advance its acquisition of Bitfarms, marking a significant shift in their approach.

12.07 / 15:27

Bitfarms Riot Platforms Bitfarms Mined 189 BTC in June, Up 21%, Amid Hostile Takeover Attempt from Riot Platforms

Bitfarms, a prominent Bitcoin mining company, reported a significant increase in Bitcoin (BTC) production for June 2024. This growth comes amid efforts to fend off a hostile takeover attempt by Riot Platforms.

28.06 / 14:31

Blockchain FIVE Platform Experts Bitcoin Bitfarms Riot Platforms Bitfarms Appoints Independent Board Member Amid Riot Platform’s Push for Director Replacements

In an unexpected move, Bitfarms announced the appointment of Fanny Philip as an independent board member amidst an ongoing conflict with Riot Platforms.

25.06 / 01:43

Maxim Progressive Platform Bitcoin Bitfarms rights Riot Platforms Riot Nominates Three Independent Directors to Bitfarms Board Amid Takeover Effort

Riot Platforms officially requisitioned a special June 24 meeting of shareholders of Bitfarms, a leading crypto mining company specializing in Bitcoin (BTC). The initiative is intended to replace the current Bitfarms Board of Directors, which Riot alleges has failed in its corporate governance duties and maximizing shareholder value.

14.06 / 17:01

Bitfarms Riot Platforms Bitfarms Expands to Pennsylvania as Riot Platforms Increases Ownership Stake to 14%

Bitfarms Ltd., a leading crypto mining company specializing in Bitcoin (BTC), has announced plans to expand its operations to Sharon, Pennsylvania, and secured a significant agreement to develop a new mining facility. This strategic move comes as Riot Platforms increases its ownership stake in Bitfarms to 14%.

29.05 / 22:43

UPS CEO Platform Bitcoin reports Bitfarms Riot Platforms Bitfarms Rejected $950 Million Riot Platforms’ Acquisition Proposal, Citing Undervaluation

Bitfarms, a global Bitcoin mining company, confirmed on May 28 that it received and rejected an acquisition proposal from Riot Platforms on April 22, 2024.

29.05 / 08:25

Mining Bitfarms Riot Platforms stake Riot Platforms Buys 9.25% Stake in Bitfarms After Rejected Takeover Offer

Riot Platforms has acquired a 9.25% stake in Bitfarms after its takeover offer was rejected.

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.

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

Blockchain Target Platform Bitcoin information Riot Platforms Texas Blockchain Council, Riot Platforms Sue EIA Over Sensitive Bitcoin Mining Data Order

The Texas Blockchain Council (TBC) and crypto miner Riot Platforms sued the US Energy Information Administration (EIA) on Wednesday, accusing the agency of making unlawful data collection demands from the Bitcoin mining sector.

16.12 / 15:07

BLOCK Manufacturing Platform Bitcoin Riot Platforms Riot Platforms' Major Expansion: Acquiring 66,560 Bitcoin Mining Rigs from MicroBT

Recently, Riot Platforms, a big participant in the Bitcoin mining market, made a huge move by purchasing 66,560 Bitcoin mining rigs from MicroBT. This acquisition was a significant move with substantial implications. One of the most significant expansions in the history of the corporation is represented by this acquisition, which is estimated to be worth around $290.5 million. Riot Platforms has shown its dedication to expanding its mining capabilities by the announcement of this contract, particularly in light of the forthcoming Bitcoin halving that is slated to take place in April of 2024.

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.

10.08 / 00:13

business Blockchain Mining Press Release Bitcoin Riot Riot Platforms Bitcoin Miner Bitcoin miner Riot Platforms trims Q2 loss to $27.7M

Colorado-based Bitcoin mining firm Riot Platforms narrowed its second quarter net loss to $27.7 million as it ramped up its Bitcoin production and reached record hash rate capacity.

27.06 / 06:51

business Blockchain Adoption Mining Bitcoin Riot 2024 Riot Platforms Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving

Riot Platforms — one of the world’s largest Bitcoin (BTC) mining companies — has bought 33,280 “next-generation” Bitcoin miners for its Texas facility, costing $162.9 million.

frequently asked questions about Riot Platforms

What is Riot Platforms and why is it relevant?

Riot Platforms is a trending topic that is in the spotlight. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on Riot Platforms?

All latest articles about Riot Platforms can be found in the special selection. We publish information as it becomes available.

How can I verify the accuracy of information on Riot Platforms?

We use verified data to ensure that the information about Riot Platforms is well-supported and helpful for our readers.