Bitcoin Miner Riot Platforms Smart Energy Strategy Yields $31 Million in Savings
Prominent Bitcoin (BTC) mining firm Riot Platforms has reported significant cost savings and operational achievements due to an innovative energy strategy that saved the firm around $31 million in August alone. In a pres...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
In a press release from Wednesday, CEO Jason Les announced that Riot achieved a new monthly record for Power and Demand Response Credits, totaling $31.7 million in August.
This figure surpassed the total amount of all credits received by the company in 2022....
Read More: Bitcoin Miner Riot Platforms Smart Energy Strategy Yields $31 Million in Savings
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
MARA transfers $81.1 million in bitcoin to Galaxy Digital as strategy pivots to AI
The bitcoin miner’s transfer does not confirm a sale, but comes as its treasury has fallen from 53,822 BTC in February to 35,577 B...
Bitcoin miners escape months of distress as daily revenue surges by 78%
Bitcoin miners are emerging from months of financial pressure as rising BTC prices lift daily industry revenue by 78%. According t...
Ledger hack scare nears $90 million as Tether moves to freeze stolen USDT
Suspected Ledger wallet thefts are approaching $90 million as Tether freezes USDT stablecoin linked to the incident, according to...
OpenAI, Google and Meta battle for AI internet domains as crypto firms target .bitcoin and .wallet
OpenAI, Google, and Meta are competing for AI-related internet domains as cryptocurrency firms pursue their own digital naming rig...
PowerCompute Mines 8.1 Bitcoin In September After Using BTC To Slash Debt
TL;DR: PowerCompute mined 8.1 BTC in September, up 37% from a year earlier. Its month-end Bitcoin holdings fell to 63.7 BTC after...
XRP treasury firm Evernorth completes deal to list under XRPN
Evernorth's public listing under XRPN could accelerate institutional adoption and innovation within the XRP ecosystem, enhancing i...