Tagged: riot platforms

November 8, 2026 @ 1:21 pm By Omar Faridi  |  

Riot Platforms (NASDAQ: RIOT) and Hut 8 (NASDAQ: HUT), two publicly traded Bitcoin mining firms, revealed significant cryptocurrency sales in their third-quarter 2026 earnings reports released on Wednesday. The disclosures underscore a broader industry pivot, as companies convert digital asset reserves into cash to support… Read More

October 9, 2026 @ 8:44 am By Omar Faridi  |  

Riot Platforms (NASDAQ: RIOT) shares have come under renewed pressure in early October 2026, sliding roughly 8 percent between the September 30 and October 7 closes and finishing the latter session at $18.54. The stock remains about 46 percent above its year-end 2025 level of… Read More

September 28, 2026 @ 2:41 pm By Omar Faridi  |  

Riot Platforms (NASDAQ: RIOT) has extinguished a $200 million secured credit line with Coinbase Credit and regained control of the assets that had been pledged against it. The company disclosed the transaction in a Form 8-K dated September 25, 2026, reporting that it completed a… Read More

August 11, 2026 @ 8:34 am By Omar Faridi  |  

Shares of Riot Platforms (NASDAQ: RIOT) rose after hours following news of a substantial long-term agreement for data center capacity tied to artificial intelligence workloads. Currently, Riot is up by over 15% in pre-market trading. The Bitcoin mining firm, which has been expanding into high-performance… Read More

April 3, 2026 @ 8:11 am By Omar Faridi  |  

Riot Platforms (NASDAQ: RIOT) has offloaded 3,778 Bitcoin during the first three months of 2026, securing an average net sale price of $76,626 per coin and generating roughly $289.5 million in proceeds. The Texas-based mining operation disclosed the transactions as part of its quarterly production… Read More

January 8, 2026 @ 1:44 am By Omar Faridi  |  

Bitcoin mining focused Riot Platforms (NASDAQ: RIOT) has divested a substantial portion of its digital assets. The firm recently offloaded Bitcoin valued at approximately $161 million, bringing its total holdings down to 18,005 BTC. This transaction, executed amid fluctuating market conditions, underscores the evolving strategies… Read More

June 8, 2025 @ 3:52 pm By Omar Faridi  |  

The Bitcoin mining sector continues to demonstrate resilience and adaptability in the face of post-halving challenges, with firms like MARA, Riot Platforms, and Bit Digital reporting significant operational updates for May 2025. These updates highlight robust production, infrastructure growth, and a strategic pivot toward diversification,… Read More

May 24, 2025 @ 10:34 am By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry service provider focused on vertically integrated Bitcoin mining, is pleased to announce that it has successfully upsized its existing $100 million credit facility to a total commitment of up to $200 million with Coinbase Credit, Inc., a subsidiary… Read More

April 24, 2025 @ 10:13 am By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), a firm focused on vertically integrated Bitcoin mining, is pleased to announce that it has entered into a $100 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). Under the terms of the credit… Read More

March 24, 2025 @ 10:47 am By Omar Faridi  |  

Riot Platforms (NASDAQ: RIOT), an industry participant focused on vertically integrated Bitcoin mining, announced entry into a non-binding term sheet outlining terms of a potential acquisition by Whinstone US, Inc., or an affiliate, a wholly-owned subsidiary of Riot, of specific assets owned by Rhodium Encore LLC… Read More

March 3, 2025 @ 8:57 pm By Omar Faridi  |  

The Bitcoin (BTC) mining industry in 2024 has navigated an increasingly complex landscape of opportunities and obstacles, as indicated in recent financial reports from key players like MARA Holdings, Riot Platforms, CleanSpark, and IREN, alongside operational updates from Compass Mining. With Bitcoin prices hovering near… Read More

February 14, 2025 @ 2:04 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry participant focused on vertically integrated Bitcoin mining, announced the appointment of Jaime Leverton, Doug Mouton and Michael Turner to its Board of Directors (the “Board”). The three directors were selected through “a process conducted by the Board’s Governance… Read More

January 22, 2025 @ 9:10 pm By Omar Faridi  |  

Riot Platforms (NASDAQ: RIOT) has recently launched a formal evaluation of potential AI/HPC uses for remaining 600 MW of power capacity at its Corsicana facility. Riot Platforms says that it has engaged expert consultants in order to assess AI/HPC opportunities and plans to “accelerate engagement… Read More

January 8, 2025 @ 7:58 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry participant focused on vertically integrated Bitcoin (BTC) mining, announces unaudited production and operations updates for December 2024. Jason Les, CEO of Riot said: “Riot mined 516 bitcoin in December, a 4% increase over the previous month, as we… Read More

August 1, 2024 @ 10:24 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry participant supporting vertically integrated Bitcoin mining, reported financial results for the three-month period ended June 30, 2024. Jason Les, CEO of Riot said: “I am extremely pleased to present results for Riot’s second quarter 2024, during which we… Read More

May 29, 2024 @ 5:39 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT) announced that it has made a proposal to the Bitfarms Board of Directors to acquire all of the outstanding shares of Bitfarms Ltd. (NASDAQ: BITF) at a price of US$2.30 per Bitfarms common share. Riot also announced that it has… Read More

May 2, 2024 @ 8:37 am By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry participant focused on vertically integrated Bitcoin mining, reported financial results for the three-month period ended March 31, 2024. Jason Les, CEO of Riot, said: “I am excited to present results for Riot for the first quarter of 2024,… Read More

April 19, 2024 @ 1:08 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry enabler of  vertically integrated Bitcoin (BTC) mining, announced that it has successfully energized the substation at the Company’s Corsicana Facility. Jason Les, CEO of Riot said: “Two years ago, we purchased 265 acres of land in Navarro County,… Read More

March 3, 2024 @ 7:38 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry enabler of vertically integrated Bitcoin (BTC) mining, announced that it has entered into a new purchase agreement with Shenzhen MicroBT Electronics Technology Co., LTD, “through its manufacturing subsidiaries, (MicroBT) a prominent manufacturer of Bitcoin miners.” Under the Agreement,… Read More

February 26, 2024 @ 7:56 am By Omar Faridi  |  

The Texas Blockchain Council (TBC) alongside one of its members, Riot Platforms, initiated legal proceedings against the U.S. Department of Energy’s Energy Information Administration (EIA), challenging “an alleged unprecedented and illegal data collection demand against the bitcoin mining industry.” This legal action underscores the TBC’s… Read More