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...
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
Original source
Read on CryptonewsRelated market context
Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse
The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history t...
THE THIRD RUSH: Where is the “Bitcoin” of the Ai Goldrush?
After months of deep thinking & a lot of discussions with some very smart people, I’ve decided to write an article for the first t...
Bitcoin price faces new risk as big buyers lose conviction
Bitcoin’s largest buyers are no longer behaving like a reliable backstop for the largest cryptocurrency. The exchange-traded funds...
Coinbase Quantum Report Warns Millions Of Bitcoin Could Face Future Security Risks
TL;DR Coinbase’s Quantum Advisory Council published a report on post-quantum migration and abandoned coins. The report estimates t...
EDG faces FUT in first match at Masters London Playoffs as Coinbase partnership puts crypto in front of millions
The partnership between Coinbase and Riot Games at Masters London could accelerate mainstream crypto adoption through esports inte...
Metaplanet to Launch Bitcoin Yield Products in Japan After $13 Million Siiibo Securities Deal
Metaplanet has agreed to acquire Siiibo Securities, a licensed Japanese Type I securities firm, as part of its Project Nova strate...