Bitcoin mining firm Riot recorded $84.8 million in revenue in the third quarter of 2024, representing a 65% increase over the same quarter in 2023. This growth can be attributed to the 159% year-over-year increase in deployed hash rate which reached 28 EH/s by the end of the quarter. Riot’s Q3 Financial Results According to […]
The Bitcoin network hashrate hit a new all-time high earlier this week following increased selling from smaller mining entities. At the same time, the miner hash price has plunged to a record low. According to a report from CryptoQuant, Bitcoin’s hashrate currently stands at 627 exahashes per second (EH/s), representing a significant recovery from an […]
One of America’s largest crypto mining companies, Hut 8, has reported a sharp drop in proprietary production for April, according to a company announcement on May 6. The firm reported a 36% drop in BTC mined in April compared to March. However, this was primarily due to the relocation of over 25,000 mining machines from […]