News with the tag "Riot Platforms"

Riot Platforms, a Bitcoin mining company, sold 475 BTC in July while mining 484 BTC, increasing its total Bitcoin holdings to 19,287 BTC, demonstrating a strategic balance between mining and sales.

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.

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.

Institutional investors like BlackRock and Metaplanet are accumulating Bitcoin in record numbers, but the price remains below its all-time high due to selling pressure from early whales and other market factors.