RIOT CONTINUE TO RAISE EARNING BY SALE OF BTC
One of the largest bitcoin traders publicly traded, Riot in May dug up 466 bitcoins, about 8% less than in April but more than double the rate last year. stated price of approximately $ 30,000 each.
It is the third consecutive month of hodler bitcoin certified bitcoin sales, as the company also sold 250 bitcoins in April and 200 in March. Indicating the continued decline in bitcoin prices late, the sale raised $ 10 million and $ 9.4 million, respectively, against the $ 7.5 million raised in May.
Since the end of May, Riot still holds about 6,536 bitcoin in its balance sheet.
With the bear market still operating in both traditional and crypto currencies, the financial markets have not changed, and Riot is not the only miner who raises money from its mining bitcoin trading.
Turning to production data, Riot said it currently has about 43,458 miners online, with a hash rate of 4.6 exahash per second (EH / s), and expects to soon reach 5.4 EH / s after shipping. 7,000 rigs.
The company has reduced its 2023 hashrate guideline to 12.6 EH / s, which takes 116,150 mining ore exports. That dropped from the previous 12.8 EH / s forecast, with 120,150 instruments.
Riot shares fell by 70% this year, with peers like Marathon Digital (MARA) and Core Scientific (CORZ).