Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

LasMeta and Pyth Network Partner to Unveil NovaDrop NFTs

26/07/2025

Ethereum Name Service (ENS) Skyrockets 16% as Ecosystem Developments Drive Demand

26/07/2025

If BTC Price Surpasses Here, He Will Overtake Warren Buffett

26/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    If BTC Price Surpasses Here, He Will Overtake Warren Buffett

    26/07/2025

    EV Firm Volcon Joins the Bitcoin Treasury Trend with $500M in Capital

    26/07/2025

    Will Bitcoin Treasury Companies Kickstart the Next Crypto Bear Market?

    26/07/2025

    Matador Aims to Buy 6,000 BTC, Eyes Top 20 Spot by 2027

    26/07/2025

    Ethereum Is So Back? ETH Price Jumps to 2025 High Amid Open Interest Surge

    25/07/2025

    ‘Ethereum Avengers’ Firm to Generate ETH Using $1.5 Billion Stockpile

    25/07/2025

    Cathie Wood’s ARK Loads Up on Ether Treasury Bet Bitmine Immersion

    25/07/2025

    Ethereum Has Already Won—Paul Brody

    25/07/2025

    Ethereum Name Service (ENS) Skyrockets 16% as Ecosystem Developments Drive Demand

    26/07/2025

    WeChat Froggie Mascot Spikes a Meme Coin Rally

    26/07/2025

    A Phenomenal 44% Surge for Solana’s AI-Powered Health Crypto

    26/07/2025

    Wall Street, Walmart & Web3

    26/07/2025

    LasMeta and Pyth Network Partner to Unveil NovaDrop NFTs

    26/07/2025

    Ripple CTO regrets the time he censored Ozzy Osbourne

    26/07/2025

    NFT market cap surged to $6.6B in July: DappRadar

    25/07/2025

    Ethereum Treasury Firm Buys $5M CryptoPunk—And Is Borrowing Stablecoins Against It

    25/07/2025

    LasMeta and Pyth Network Partner to Unveil NovaDrop NFTs

    26/07/2025

    Ethereum Name Service (ENS) Skyrockets 16% as Ecosystem Developments Drive Demand

    26/07/2025

    If BTC Price Surpasses Here, He Will Overtake Warren Buffett

    26/07/2025

    WeChat Froggie Mascot Spikes a Meme Coin Rally

    26/07/2025
  • Blockchain

    A Game-Changer for Network Efficiency

    26/07/2025

    Is Ripple Powering BlackRock’s $100 Trillion Blockchain Vision?

    26/07/2025

    Zircuit Introduces Cross-Chain AI Trading with Hyperliquid Engine

    26/07/2025

    Sahara Labs Unveils Data Services Planform to Revolutionize AI Training

    26/07/2025

    Bridges are a road to nowhere for blockchain communications

    26/07/2025
  • DeFi

    Apple Farm season 2 now live on Etherlink with $3M in rewards

    25/07/2025

    Retail XRP Holders Could Soon Earn 20% Yield on Their Tokens

    25/07/2025

    Pell Network Collaborates with HashKey Chain to Forge BTCFi Revolution in RWA Sector

    25/07/2025

    Revolutionary Injective Tokenization Unlocks $1.3B ETH Treasury for DeFi

    25/07/2025

    Deciding the Future of Reimbursement After the Exploit

    25/07/2025
  • Metaverse

    AntVerse Integrates Terminus to Transform AI-Powered Metaverse with Web3 Payments

    25/07/2025

    The Sandbox Launches Largest LAND Auction Using GBM Protocol

    21/07/2025

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025

    Apple’s Top AI Exec Leaves For Meta Amid Aggressive Hiring Trend

    08/07/2025
  • Regulation

    U.S. June CPI Rose an In Line 0.3%; Core Rate Slightly Better Than Hoped at 0.2%

    26/07/2025

    BREAKING! US Inflation Data Released! Here’s Bitcoin (BTC)’s First Reaction!

    26/07/2025

    How Was the First Half of 2025? Institutional and Individual Investors Followed Different Strategies! “Institutions Flocked to Bitcoin and Ethereum, While Individual Investors Flocked…

    26/07/2025

    Donald Trump Launches Official Process for Fed Chair! US Treasury Secretary Calls for “Extension” to Powell!

    26/07/2025

    Here’s why the stock and crypto markets rose after the US inflation data

    26/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Kraken to Support Biotech Firm Windtree’s $200M BNB Treasury Play

    25/07/2025

    Bahamas Claims Approved, US Hearing Underway

    25/07/2025

    EDX Unveils International Crypto Trading Platform With Perpetual Futures

    25/07/2025

    CoinDCX CEO Counters $44.2M Hack Fears Revealing $136 Million in Annual Revenue

    25/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Octo Gaming Teams Up with Starknet for Exclusive Rollup-Powered Game Launch

    25/07/2025

    Off the Grid Skin Sale Volume Hits $30K as the Avalanche Shooter Hits OpenSea

    25/07/2025

    Axie Infinity Creator Sky Mavis Backs New BORA-Integrated Game on LINE NEXT App

    24/07/2025

    ‘Tokyo Beast’ Speedruns Crypto Game Cycle, Shutting Down Just a Month After Launch

    24/07/2025

    Tether’s Mining OS Set to Go Open Source by End-of-Year, Confirms Paolo Ardoino

    26/07/2025

    Bitmain Funnels 187 Tons of Antminer Parts to Skirt US Tariffs

    25/07/2025

    Russian authorities implicate illegal mining for 200% spike in video card sales

    25/07/2025

    ‘Every family here is sick,‘ say neighbors of Bitcoin mining facility in Texas

    25/07/2025

    Hong Kong’s stablecoin licensing to adopt invite-only approach: report

    25/07/2025

    Senator Warren Slams GOP’s Crypto Plan, Warns of ‘Presidential Corruption’

    25/07/2025

    White House Set to Launch First Major Crypto Policy Report On July 22

    25/07/2025

    SEC explores Ethereum token standard for compliant securities

    25/07/2025

    LasMeta and Pyth Network Partner to Unveil NovaDrop NFTs

    26/07/2025

    Ethereum Name Service (ENS) Skyrockets 16% as Ecosystem Developments Drive Demand

    26/07/2025

    If BTC Price Surpasses Here, He Will Overtake Warren Buffett

    26/07/2025

    WeChat Froggie Mascot Spikes a Meme Coin Rally

    26/07/2025
  • MarketCap
NBTC News
Home»Mining»Riot Platforms mined 412 Bitcoin in September
Mining

Riot Platforms mined 412 Bitcoin in September

NBTCBy NBTC04/10/2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Riot Platforms mined 412 Bitcoin in September, marking a 28% increase over the previous month.

This rise in production was driven by higher operating capacity at their mining facilities, which include sites in Texas and Kentucky, according to a company release. Riot’s CEO, Jason Les, attributed the growth to increased operational efficiency and hash rate improvements across the company’s operations.

The company now holds 10,427 Bitcoin (BTC).

The company also participated in the Electric Reliability Council of Texas Four Coincident Peak program, voluntarily curtailing operations during periods of high electricity demand. This helps reduce strain on the grid and allows Riot to lower power costs, a crucial factor in their operations.

Riot completed the third development phase at its Corsicana, Texas facility, adding 100 megawatts of power capacity, per the release, per the release.

Bitcoin mining is the process of validating transactions on the Bitcoin network by solving complex mathematical problems. Miners like Riot are rewarded with new Bitcoin for their efforts. Riot’s increased hash rate — a measure of computational power dedicated to mining — has boosted their production.

You might also like: Bitcoin dumps as Biden supports Israel hitting Iran oil facilities

Riot vs. Bitfarms

It was a busy summer for Riot as it proposed a $950 million takeover bid for its Canadian rival, Bitfarms. Riot had already acquired a significant stake in Bitfarms and sought to gain full control, but Bitfarms rejected the offer, deeming it undervalued.

To fend off the takeover, Bitfarms adopted a “poison pill” strategy, limiting Riot’s ability to acquire additional shares without board approval.

Riot continued to increase its stake, eventually becoming Bitfarms’ largest shareholder. By mid-year, Riot escalated the situation by nominating its own board members, leading to heightened tensions and the postponement of Bitfarms’ special shareholder meeting.

The conflict seemed poised to drag on until the companies reached a settlement in September 2024, where Bitfarms agreed to appoint a Riot-supported board member, and Riot gained further rights to acquire Bitfarms shares, provided it maintained a 15% holding.

You might also like: Analysts predict Bitfarms stock doubling after Riot settlement

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Tether’s Mining OS Set to Go Open Source by End-of-Year, Confirms Paolo Ardoino

26/07/2025

Bitmain Funnels 187 Tons of Antminer Parts to Skirt US Tariffs

25/07/2025

Russian authorities implicate illegal mining for 200% spike in video card sales

25/07/2025

‘Every family here is sick,‘ say neighbors of Bitcoin mining facility in Texas

25/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

LasMeta and Pyth Network Partner to Unveil NovaDrop NFTs

26/07/2025

Ethereum Name Service (ENS) Skyrockets 16% as Ecosystem Developments Drive Demand

26/07/2025

If BTC Price Surpasses Here, He Will Overtake Warren Buffett

26/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.