Global #Riot Platforms

Riot Platforms, a leading publicly traded Bitcoin mining company, reported a successful period of operations.

Bitcoin mining giant Marathon Digital Holdings (MARA) has significantly bolstered its Bitcoin treasury, announcing the acquisition of 15,574 BTC for approximately $1.53 billion.

In October, two major players in the Bitcoin mining industry—Marathon Digital and Riot Platforms—reported strong Bitcoin production numbers, marking their highest monthly outputs since the Bitcoin halving event in April 2024.

On September 23, 2024, Riot Platforms announced a settlement agreement with Bitfarms Ltd., effectively concluding Riot’s unsolicited bid to acquire the company.

Bitcoin mining company Riot Platforms has increased its stake in competitor Bitfarms to nearly 18.9% by purchasing an additional 1 million shares.

Riot Platforms, a major player in the Bitcoin mining industry, reported total revenue of $70 million for the recent quarter, a decrease from the $76.7 million recorded during the same period last year. This decline is largely attributed to the Bitcoin halving event that took place in April.