Bitcoin mining company RIOT Platforms announced that it has 37% more BTC compared to the same period last year and holds a total of 10,019 Bitcoins worth over $550 million. While 322 Bitcoins were mined in August, this figure was 370 in July.

They did not sell Bitcoin

During this period when Bitcoin miners experienced the difficulties of halving the most, the company did not sell Bitcoin. In July, no sales were made in the same way.
In August, when the hottest days of the year were experienced in Texas, some devices were not operated due to the high demand for electricity and the state grid was not overloaded. RIOT earned $20 per megawatt per hour due to this step. Total revenue was $6.4 million.

In August, the average hashrate was 14.5 exahash per second, while the target for the end of the year was 36 exahash.

Bitfarms move continues

As it will be remembered, RIOT has recently increased its moves to buy Bitfarms. RIOT, the largest shareholder of the company, another Canadian Bitcoin miner with 19.9%, wants to make changes in Bitfarms management. Bitfarms, on the other hand, resists not allowing this.