Riot Platforms | ForkLog

ForkLog 229 01.11.2025

Riot Describes Bitcoin Mining as a Means to an End

Riot Platforms reported a net profit of $104.5 million in the third quarter, with record revenue of $180.2 million.

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ForkLog 20 06.05.2025

Riot Platforms Reduces Bitcoin Holdings

Nasdaq-listed mining company Riot Platforms mined 463 BTC in April and sold 475 BTC for $38.8 million during the month. Riot Announces April 2025 Production and Operations Updates. “Riot mined 463 bitcoin in April as the network experienced two successive difficulty adjustments during the month,” said @JasonLes_, CEO of Riot. “April was a significant month […]

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ForkLog 4 28.01.2025

Bernstein Highlights Renewed TradFi Interest in Crypto Post-Trump Victory

Investors have acknowledged a resurgence of interest in cryptocurrencies and the need to ramp up activities in this sector following the U.S. presidential election. This is according to a Bernstein report, as reported by The Block. The firm’s clients are still uncertain about what “transformations await the digital asset regulatory regime.” “It’s just the beginning. […]

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ForkLog 18 13.12.2024

Riot Shares Surge Amid Potential AI Pivot

On December 12, Riot Platforms’ shares jumped nearly 5% following news of Starboard Value acquiring a stake in the bitcoin miner. Meanwhile, the S&P 500 index declined by 0.5% that day. Data: Yahoo Finance. On Thursday morning, The Wall Street Journal reported that Starboard Value had acquired a “significant” stake in Riot. The buyer is […]

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ForkLog 8 10.12.2024

Riot Platforms to Raise $600 Million for Bitcoin Acquisition

The mining firm Riot Platforms plans to issue $500 million in convertible senior notes, with an additional option for initial buyers to purchase $75 million more. Riot Announces Proposed Private Offering of $500 Million of Convertible Senior Notes. Net proceeds from this offering to be used primarily to acquire bitcoin and for general corporate […]

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ForkLog 7 08.10.2024

Matrixport Highlights Growth Potential for Mining Stocks

Shares of mining companies may see an increase in value due to the stabilization of their revenue declines and their lag behind Bitcoin’s performance, according to Matrixport. #Matrixport Today ? — Oct 8: #Bitcoin Mining Stocks Poised for Rebound as Revenues Stabilize Post-Halving#cryptomarket #MarketTrends #MarketInsights #BTC #miningevent pic.twitter.com/sK7oxvBnhU — Matrixport Official English (the only official […]

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ForkLog 11 23.09.2024

Bitfarms and Riot Platforms Reach Settlement on Shareholding

A settlement between mining companies Bitfarms and Riot Platforms prohibits the latter from acquiring more than 20% of its competitor’s shares without board approval, according to a joint press release. Under the agreement, Bitfarms co-founder Andres Finkelstein has stepped down from the management team, with Amy Friedman, an independent expert in corporate governance and capital […]

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ForkLog 13 15.09.2024

Bitcoin Mining Output Declines in August, Miners Report

In early September, mining companies reported their performance for the previous month. ForkLog compiled the key figures in one article. MARA In August, MARA (formerly Marathon Digital) produced 673 BTC. Compared to July, this figure decreased by 3%. Data: MARA. According to the press release, the activated hash rate increased to 35.2 EH/s, which is […]

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ForkLog 18 18.08.2024

Bitcoin Mining Recovery in July: Miners Report Increased Production

In early August, mining companies disclosed their operational results for the previous month. ForkLog compiled the key metrics in one report. MARA In July, MARA (formerly Marathon Digital) produced 692 BTC — a 41% decrease compared to the same period last year. However, this was a 17% increase from June. Source: MARA. According to the […]

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ForkLog 8 14.08.2024

Riot Platforms Expands Stake in Bitfarms to 18.9%

Mining firm Riot Platforms has acquired an additional 1 million shares of Bitfarms, raising its stake to 18.9% with the intention of a hostile takeover, as reported by The Block. Currently, Riot Platforms holds over 85.29 million securities of its competitor, making it the largest shareholder. On August 13, Bitfarms co-founder Nicolas Bonta resigned from […]

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ForkLog 11 25.07.2024

Bitfarms Adopts New Poison Pill Defence Against Riot

Bitcoin miner Bitfarms has approved a new shareholder rights protection strategy to prevent a hostile takeover by competitor Riot Platforms. On June 24, the Ontario Capital Markets Tribunal ruled in favour of Riot, ordering Bitfarms to immediately cease its previous plan. The initiative adopted in June, known as a “poison pill“, proposed that if an […]

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ForkLog 15 24.07.2024

Riot Platforms Acquires Block Mining for $92.5 Million

American firm Riot Platforms has announced the acquisition of Kentucky-based mining company Block Mining for a total of $92.5 million. Riot Announces the Acquisition of Block Mining – Expands Riot’s Total Potential Power Capacity To 2 Gigawatts. — Acquisition adds 60 Megawatts (“MW”) of current operational capacity with the potential to quickly expand to 110 […]

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