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Riot Blockchain
Tough Time for Miners: NY Passes Moratorium; Riot Blockchain Sells More Bitcoin
Miners are facing new headwinds amid the market downturn. Riot Blockchain (RIOT) is unloading more than half of the bitcoin it mined in May. Separately, the New York State Senate passed a bitcoin mining moratorium, barring new proof-of work (PoW) mining operations powered by carbon-based energy sources for two years.
Riot Blockchain Sells More Bitcoin, Trims Hashrate Guidance
It’s the miner’s third consecutive month of bitcoin sales.
Bitcoin Miner Riot Blockchain Names Its Head of Corporate Operations as New CFO
Current CFO Jeff McGonegal will retire and move into a new role as senior advisor of the miner in mid-August.
Bitcoin Miner Riot First-Quarter Revenue Misses Estimate
The miner reiterated its hashrate guidance of 12.8 EH/s
Riot Blockchain Sells Nearly Half of April’s Bitcoin Production
The company raised $10 million with the sale of 250 bitcoins.
Battered Bitcoin Miners Increasingly Turn to Debt Financing
Raising debt rather than equity to fund growth is being seen as more attractive, analysts say, but not everyone has the option.
Riot Blockchain to Develop 1GW of Bitcoin Mining Capacity in Texas
The company said the expansion will occur in phases and bring Riot’s total capacity to 1.7 GW.
Riot Blockchain Bitcoin Mined Rises to 511 in March
The company also sold 200 bitcoin during the month, raising $9.4 million.
Riot Blockchain Files to Sell Up to $500M of Stock
Proceeds from the "at-the-market" offering would be used for general corporate purposes, which may include investments in existing and future projects.
Riot Blockchain’s COO to Exit After One Year
Megan Brooks-Anderson was promoted to chief operating officer in April 2021.