Riot Platforms, Inc. - RIOT STOCK NEWS

Riot Blockchain, Inc. (NASDAQ: RIOT) reported significant Bitcoin production for June 2021, generating 243 BTC, a 406% increase from June 2020. Year-to-date, the company has produced 1,167 BTC, up 130% compared to the previous year. As of June 30, Riot held 2,243 BTC. The company is expanding its Whinstone facility to 750 megawatts by 2022, including 400 MW under development. Riot anticipates a total hash rate capacity of 7.7 EH/s by Q4 2022, with plans to support future miner deployments.

Riot Blockchain, Inc. (NASDAQ: RIOT) reported significant growth in Bitcoin production for May 2021, producing 227 BTC, a 220% increase from May 2020's 71 BTC. Year-to-date production reached 924 BTC, up 101% compared to 460 BTC in the same period last year. The completion of the Whinstone acquisition positions Riot as a leader in North American Bitcoin mining with a facility capable of 750 MW. Additionally, Riot announced the shipment of 1,000 S19 Pro Antminers, contributing to an expected hash rate capacity of 7.7 EH/s by Q4 2022.

Riot Blockchain has completed its acquisition of Whinstone US, which operates North America's largest Bitcoin mining facility. The deal involved 11.8 million shares of Riot stock and $80 million in cash. This move positions Riot as a major player in the Bitcoin mining sector, leveraging Whinstone's superior infrastructure and energy management system to enhance operational efficiency. Riot plans to increase Whinstone's capacity to 750 MW and aims for synergy in operational and energy costs. The acquisition is expected to strengthen Riot's role in the Bitcoin ecosystem.

Riot Blockchain (NASDAQ: RIOT) announces key management changes, with Benjamin Yi appointed as Executive Chairman and Lance D’Ambrosio joining the Board as an independent director. Yi, who has been with Riot since 2018, will collaborate with the executive team to enhance the company's role in the Bitcoin ecosystem. Under his leadership, Riot achieved profitability and restructured its management team. D’Ambrosio, a seasoned entrepreneur and investor, brings extensive financial and governance experience. Hubert Marleau has been elected as Lead Independent Director, further strengthening the Board's oversight.

Riot Blockchain (NASDAQ: RIOT) reported a remarkable financial turnaround for Q1 2021, with mining revenue up 881.1% to $23.2 million, and a record net income of $7.5 million or $0.09 per share. This contrasts with a net loss of $4.3 million in Q1 2020. The mining revenue margin improved to 67.5%, reflecting increased Bitcoin prices and operational efficiency. The company also reported total cash and Bitcoin holdings of $275.6 million by March 31, 2021. Additionally, Riot plans to strengthen its position by acquiring Whinstone US, enhancing its mining capacity significantly.

Riot Blockchain announced its April 2021 Bitcoin production results, reporting 206 BTC mined, a 91% increase from last year's 108 BTC. Total production for 2021 has reached 697 BTC, up 79% from 389 BTC in the same period of 2020. The company also received 6,500 S19 Pro Antminers, bringing its operational fleet to 22,946 miners with an expected hash rate capacity of 2.3 EH/s. Riot aims to increase its capacity to 7.7 EH/s by Q4 2022, highlighting its commitment to enhancing mining efficiency.

Riot Blockchain (NASDAQ: RIOT) reported significant production increases, with 187 BTC mined in March 2021, up 80% from March 2020. Total production for Q1 2021 reached 491 BTC, a 75% rise year-over-year. The company holds over 1,565 BTC. Notably, Riot plans to acquire Whinstone US, boosting its capacity significantly. The acquisition will be valued at approximately $651 million. Additionally, Riot is increasing its mining fleet and hash rate, projecting approximately 5 EH/s by the end of 2021. Financial reporting is expected on May 17, 2021.

Riot Blockchain has announced the acquisition of Whinstone US, Inc. for $80 million cash and 11.8 million shares, valuing the deal at approximately $651 million. This acquisition positions Riot as the largest publicly traded Bitcoin mining and hosting company in North America, enhancing its operational capacity significantly. Whinstone's facility includes a 750 MW power capacity, of which 300 MW is developed. The deal is anticipated to close in Q2 2021, subject to regulatory approvals.

Riot Blockchain (NASDAQ: RIOT) has announced a purchase agreement for 42,000 S19j Antminers from Bitmain for $138.5 million. This strategic move is expected to enhance Riot's hash rate to a total of 7.7 EH/s, marking a 93% increase from its previous capacity. Deliveries are scheduled to commence in November 2021, contributing to Riot's efforts to become a leader in Bitcoin mining efficiency. The company anticipates a total fleet of approximately 81,150 Antminers, significantly bolstering its market position amidst a global hardware shortage.