News with the tag "Riot"

Riot Platforms reported a significant Q2 net income of $219.5 million, driven by unrealized gains on Bitcoin holdings, despite rising mining costs and a year-to-date net loss of $76.9 million.

Riot Platforms (NASDAQ:RIOT) stock dropped 6.8% in after-hours trading due to higher bitcoin mining costs and increased global network hashrate, impacting Q2 revenue expectations.

Bitcoin reaches new all-time highs amid favorable macroeconomic conditions, while Ethereum ETPs attract significant investment, impacting Bitcoin's market dominance.

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Bitcoin's price increased by 0.6% to $118K, positively impacting crypto-related stocks following comments from President Donald Trump about persuading some individuals regarding long-awaited crypto bills.

Bitcoin has experienced a record-breaking rally, surpassing the $120,000 milestone and doubling in value since July 2024.

Bitcoin experienced a decline as traders took profits following a record-breaking rally that pushed its price above $120,000.

Riot sold 1,784,000 common shares of Bitfarms, representing approximately 0.32% of the issued and outstanding shares.

Bitcoin surpassed $120,000 for the first time, reflecting growing optimism in the cryptocurrency market.

Executives at US-listed Bitcoin mining firms are receiving significantly higher pay packages than their peers in energy and IT sectors, primarily due to stock-based compensation, though shareholder pushback and disparities in pay efficiency are emerging.