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Tag Archives: riot platforms

Tech-Duell im Wilden Westen: Wird Arizona zum Halbleiter-Hotspot und Texas zum Bitcoin-Eldorado?

In den letzten Jahren haben sich sowohl Arizona als auch Texas zu bedeutenden Zentren für die Halbleiter- beziehungsweise Bitcoin-Industrie entwickelt. Diese Entwicklungen sind das Ergebnis gezielter Investitionen, politischer Entscheidungen und wirtschaftlicher Rahmenbedingungen, die beide Bundesstaaten für diese Branchen attraktiv machen.   Arizona: Aufstieg zum Halbleiter-Hub Arizona blickt auf eine lange Tradition in der Halbleiterindustrie zurück. Bereits in den...

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Riot Platforms Acquires Block Mining for $92.5M, Expands Hash Rate and Market Reach

The leading American Bitcoin mining company – Riot Platforms – has acquired the Kentucky-based firm Block Mining in a transaction valued at $92.5 million. The deal, announced on July 24, includes $18.5 million in cash from Riot’s reserves and $74 million in Riot common stock. Additionally, Block Mining could receive up to $32.5 million more, based on performance metrics through 2025. Riot Platforms Drops $92.5M on Block Mining In its official press release, Riot said that it...

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Riot Platforms Boosts Bitfarms Stake with Additional Share Acquisition

Riot Platforms has announced the purchase of an additional 1,432,063 shares of Bitfarms. The acquisition, completed on June 10 at approximately $2.7 per share, represents an investment of around $3.87 million. This latest move brings Riot’s total holdings to approximately 57.62 million shares, accounting for about 14% of Bitfarms. Riot’s Ongoing Takeover This announcement is part of Riot’s ongoing takeover attempt of Bitfarms. Last month, Riot made a bid to acquire Bitfarms...

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Riot Stock Rebounds Strongly, Shrugging Off Short Seller’s Report

Riot shares experienced a recovery on June 5 following a report from short seller Kerrisdale Capital. The paper, released just before the Nasdaq opened, accused Riot of mismanagement and predicted the firm’s impending collapse, stating that Bitcoin miners are selling “snake oil.” Kerrisdale ‘Declares War’ on Bitcoin Miners Kerrisdale’s June 5 report said that RIOT was more proficient in “playing energy arbitrage games and issuing stock” than generating value for shareholders...

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Riot Platforms Pursues Acquisition of Competitor Bitcoin Miner Bitfarms

Riot Platforms Inc., a leading crypto mining company, has announced its intention to acquire Bitfarms Ltd., another significant player in the Bitcoin mining industry. Riot has already acquired a 9.25% stake in Bitfarms and plans to make a public takeover offer despite the company’s board’s recent rejection. Global Bitcoin Mining Giant Riot has proposed an acquisition price of $2.30 per share in cash and stock, valuing Bitfarms at approximately $950 million in equity. Riot’s...

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Bernstein: Bitcoin Mining Difficulty Drops 6% Last Week, Biggest Fall since December 2022

[unable to retrieve full-text content]CoinspeakerBernstein: Bitcoin Mining Difficulty Drops 6% Last Week, Biggest Fall since December 2022 Be­rnstein re­port states that the decline­ in difficulty is due to the combination of lower Bitcoin price­s and a significant increase in mining equipme­nt costs since the last Bitcoin halving in May 2020. Bernstein: Bitcoin Mining Difficulty Drops 6% Last Week, Biggest Fall since December 2022

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Bitcoin Miner Marathon Digital (MARA) Stock Tops US Trading Charts

Marathon Digital and Riot Platforms, sensing the potential for increased demand, have made strategic moves to fortify their positions in the market. In the last 24 hours, Marathon Digital Holdings Inc (NASDAQ: MARA) has witnessed a remarkable 105 million shares in trading volume, surpassing established blue-chip stocks such as Tesla Inc (NASDAQ: TSLA), Apple Inc (NASDAQ: AAPL), and Amazon.com Inc (NASDAQ: AMZN), according to data from Yahoo Finance. Marathon Digital Shares Records Rising...

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