Bitcoin miner Riot Platforms gears up for halving with strategic $290M hardware investment
Texas-based Riot Platforms ramps up mining power with a landmark 18 EH/s Bitcoin miner order.
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Texas-based Riot Platforms ramps up mining power with a landmark 18 EH/s Bitcoin miner order.
Oluwapelumi Adejumo 2 min read
Shares of the newly formed company would begin trading on the Nasdaq and Toronto Stock Exchange (TSX) under the ticker symbol "HUT" by Dec. 4.
The mining pool said the owner of the misplaced 83 BTC must verify their personal identity before Dec. 10.
The funding round was led by Twitter founder Jack Dorsey, whose work has increasingly engaged in web3 in recent years.
A surge in Bitcoin miner revenues suggests a profitable lead-up to the network's halving event.
In a $2.25 million deal, HIVE integrates EU-backed Boden data center to enhance its green mining infrastructure.
Celsius customers will own the new entity, which will be called Mining NewCo.
The miner said its raise was 22 times the projected amount.
The stablecoin giant recently reported a $3.2 billion cash surplus in its Q3 attestation, allowing ample room to make the strategic investment.