Bitcoin Miner Riot Blockchain Ends Week Up 50% After Tapping 2-Year Highs

Shares of the mining company surged to $6.60 Friday.

Another outflow from Riot Platforms has been spotted on the Bitcoin network, a sign that the mining company may be participating in further selling. Bitcoin Mining Company Riot Has Moved Another 500 BTC As shared by on-chain sleuth Lookonchain in an X post, Riot Platforms has made a transfer away from its Bitcoin wallet during […]

The Bitcoin mining giant appoints a new director with a stellar institutional background as stock prices surge. Last week, as share prices ripped upwards of 50% to levels not seen since the 2018 cryptocurrency bullrun, Riot Blockchain (NASDAQ: RIOT) appointed former director of the listing committee for the Toronto Stock Exchange, Hubert Marleau, to the Riot board of directors. The Colorado-based firm was in the market for a new director after the departure of former Canadian Cabinet member Remo Mancini. Marleau brings a wide range of regulatory and governing experience to Riot, having....

The $650 million deal sees Riot Blockchain acquiring a major data center owned by Northern Data AG, one of its competitors. Riot Blockchain is continuing its Bitcoin (BTC) mining expansion efforts. Reports suggest that the U.S.-based miner is set to purchase Whinstone US Inc, currently owned by Northern Data.The planned purchase was announced via a press release by Riot Blockchain on Thursday, with the U.S. Bitcoin miner paying $80 million in cash. The remainder will come from the sale of about 12% of its stock to Northern DAG.Whinstone reportedly operates the single largest Bitcoin mining....

The miner now holds nearly 4,000 bitcoin and expects to reach a hash rate capacity of 8.6 EH/s in 2022.