RIOT - What's Going On With Bitcoin Mining Stock Riot Platforms Tuesday? | Benzinga
Shares of Bitcoin (CRYPTO: BTC) miner Riot Platforms Inc (NASDAQ:RIOT) on Tuesday provided a production and operations update.
What Happened: Riot said it produced 215 bitcoins in May, down 68% year-over-year and down 43% compared to April. The lower totals reflect the first full month of reduced block rewards following the April halving.
The company had a total deployed hash rate of 14.7 EH/s at the end of May, up 39% year-over-year. The company said it held a total of 9,084 bitcoin as of the end of the month, up 26% year-over-year.
“Riot made significant ...