Two publicly traded bitcoin mining operators, Riot Platforms and Bitfarms, have been locked in a battle for the better part of the year, and it appears to be escalating. https://trib.al/2QpanTZ
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Riot Platforms Plans $950M Acquisition of Bitfarms Riot Platforms Inc. (RIOT) is set to acquire competitor Bitfarms Ltd. for $950M in cash and stock, after purchasing a 9.25% stake. There have been recent reports that indicate Riot Platforms Inc. (RIOT), a titan in the Bitcoin mining industry, is making news with its plans to buy Bitfarms Ltd., a competitor. Fundamental shifts in […] Riot Platforms Plans $950M Acquisition of Bitfarms #Bitcoinmining #Bitfarms #GeoffreyMorphy
Riot Platforms Plans $950M Acquisition of Bitfarms
https://coinxposure.com
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Marathon Digital and Riot Platforms, two of the biggest players in the Bitcoin mining industry, have just released their June 2024 production updates. The largest Bitcoin miner in the United States, Riot Platforms, increased its hashrate by 50% in one month! In addition to Riot’s hash rate increase, Marathon Digital did not sell any Bitcoin holdings throughout June. Marathon Digital now holds 18,536 Bitcoin worth around $1.1 billion. Both companies are expanding their operations. Riot is building a large facility in Texas and aiming for a hashrate of 31.5 EH/s by the end of 2024. Will Marathon and Riot continue to dominate the Bitcoin mining space, or with improving regulations will new players emerge to challenge their reign? It going to be a wild ride 😀
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Bitfarms Resists Bitcoin Mining Mega Merger With Riot at All Costs #cryptocurrency #cryptocurrencies #cryptocurrencynews #cryptonewstoday #crypto #news #bitfarms #riot #platforms #riotplatforms #merger #acquisition #bitcoin #mining #bitcoinmining #btc #btcprice #price #today #stock #miner #takeover #halving #bitcoinhalving #posthalving #blogs #blog #post https://lnkd.in/eEMr_3Ar
Bitfarms Resists Bitcoin Mining Mega Merger With Riot at All Costs — Crypto Block Party 🥳
cryptoblockparty.blog
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The latest #MinerWeekly today features some interesting findings by TheMinerMag that 10 of the top 15 #bitcoin mining poos have regularly sent block rewards from their coinbase payouts to the same output addresses since April 2022, most of the times through single transactions. Read more from the post below and subscribe for free! https://lnkd.in/gFwKNVtH
These Pools Are Consolidating Bitcoin Block Rewards with Antpool
blocksbridge.substack.com
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If Bitcoin gets mined, who does the mining? We did the research on one of the largest Bitcoin mining companies in the world so you don't have to. Read our narrative analysis of RIOT Platforms (fka RIOT Blockhain) below! ⬇
Let's Start a RIOT!
nomics.substack.com
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CISO (Advisory) at Trace3 | Keynote, Moderator & Speaker | Investor | Cybersecurity SME | Board Advisor | Board Member | LinkedIn Top Information Security Voice | Top 9 vCISO Influencers of 2024
Fascinating! 💡 It's a profitable time of year for Bitcoin miners in Texas, who are compensated to halt mining activities to prevent potential blackouts. Some bitcoin miners made more from the State than mining! WOW! #CryptoNews #TexasEnergy #BitcoinMining #RiotPlatforms https://lnkd.in/gyQSzppr
Texas paid bitcoin miner Riot $31.7 million to shut down during heat wave in August
cnbc.com
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SEAM, the Seamless Protocol's token has become the first token issued on the Base network to be listed on Coinbase. SEAM was trading at around $7 in the three hours after its launch, according to DexGuru. #COINBASE #MINING #SEAM #SeamlessProtocol #Token
Coinbase Lists SEAM Token as Airdrop and Liquidity Mining Program Begin
https://bitcoinworld.co.in
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What is really fascinating to me is that RIOT is strictly a consumer of energy and even rates their newest computing mining facility in terms of watt-hours of consumption, not computing/mining power. They do not actually produce energy, but, 'make' money by 'selling' energy (which they did not use or store...) 'back' to the grid, when they are really just stopping consumption for a time period by stopping mining production (aka, turning off mining computing systems). In a way this is almost like farmers being paid by government for not growing certain crops for the season so as to limit production of that crop. But, this is effective energy management by ERCOT to ensure stability in the grid during peak demand by preemptively making contracts with large consumers to allow ERCOT to manage those customer's consumption during peak demand, which works well for companies that can afford to be limited in energy use. Planning for and enacting computing downtime during peak energy demand appears to be effective stewardship for an overall energy grid perspective.
CISO (Advisory) at Trace3 | Keynote, Moderator & Speaker | Investor | Cybersecurity SME | Board Advisor | Board Member | LinkedIn Top Information Security Voice | Top 9 vCISO Influencers of 2024
Fascinating! 💡 It's a profitable time of year for Bitcoin miners in Texas, who are compensated to halt mining activities to prevent potential blackouts. Some bitcoin miners made more from the State than mining! WOW! #CryptoNews #TexasEnergy #BitcoinMining #RiotPlatforms https://lnkd.in/gyQSzppr
Texas paid bitcoin miner Riot $31.7 million to shut down during heat wave in August
cnbc.com
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Report: Riot Platforms Considering $950M Acquisition of Bitfarms Bitcoin Miner - https://lnkd.in/dvjQM5Hs Bitcoin Mining giant Riot Platforms Inc. (RIOT) is making headlines with plans to strategically acquire rival Bitfarms Ltd., according to recent reports. The move signals a major consolidation trend in the sector, driven by changes in Bitcoin's economic outlook following the halving. Meanwhile, Riot aims to take over
Report: Riot Platforms Considering $950M Acquisition of Bitfarms Bitcoin Miner
https://crypto.keynoteusa.com
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Blockstream raising $50M for ASIC mining bargain hunt! 🧐💰 Could $BTC prove the secret sauce? Yet, stratospheric energy costs and shifty market factors play spoilsport! Is this a clever risk or ASIC-tastrophe waiting to happen? Stay tuned, cryptonauts! 🚀🔮 #Blockstream #Bitcoin
Blockstream's Big Bet: Investing $50M in Undervalued ASIC Mining Gear Amid Bitcoin Recovery
https://chain.review
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